The law governing the taxation of insurers, the Personal Income Tax Law, and the Corporation Tax Law allow various credits against the taxes imposed by those laws, including a credit, for taxable years beginning on or after January 1, 2017, and before January 1, 2018, equal to 50% of a contribution to the College Access Tax Credit Fund, as provided. Those laws specify that the moneys in the College Access Tax Credit Fund shall be allocated first to the General Fund, then, upon appropriation, to specified agencies for administrative costs related to this credit, and lastly continuously appropriated to the Student Aid Commission for awarding Cal Grants, as provided.
California AB 490 (20172018) — Taxation: credits: College Access Tax Credit.
The law governing the taxation of insurers, the Personal Income Tax Law, and the Corporation Tax Law allow various credits against the taxes imposed by those laws, including a credit, for taxable years beginning on or after January 1, 2017, and before January 1, 2018, equal to 50% of a contribution to the College Access Tax Credit Fund, as provided. Those laws specify that the moneys in the College Access Tax Credit Fund shall be allocated first to the General Fund, then, upon appropriation, to specified agencies for administrative costs related to this credit, and lastly continuously appropriated to the Student Aid Commission for awarding Cal Grants, as provided.
Version chain
The bill's text revisions, in order — the diff chain from filing to enrollment.
AB 490 QUIRK-SILVA Assembly Third Reading — 77–0 (pass) · lower
AB 490 QUIRK-SILVA Concurrence in Senate Amendments — 77–0 (pass) · lower
Sponsors
Quirk-Silva — primary (person)
Timeline
The legislative action history — every referral, reading, and vote.
2017-02-13 Read first time. To print. reading-1
2017-02-14 From printer. May be heard in committee March 16.
2017-02-27 Referred to Com. on REV. & TAX. referral-committee
2017-03-20 In committee: Set, first hearing. Hearing canceled at the request of author.
2017-03-20 From committee chair, with author's amendments: Amend, and re-refer to Com. on REV. & TAX. Read second time and amended. amendment-introduction, amendment-passage, reading-2, reading-1
2017-03-21 Re-referred to Com. on REV. & TAX. referral-committee
2017-04-05 From committee: Amend, and do pass as amended and re-refer to Com. on APPR. with recommendation: To Consent Calendar. (Ayes 10. Noes 0.) (March 27). amendment-passage, committee-passage, amendment-introduction
2017-04-06 Read second time and amended. reading-1, amendment-passage, reading-2
2017-04-17 Re-referred to Com. on APPR. referral-committee
2017-04-26 In committee: Set, first hearing. Referred to APPR. suspense file. referral-committee
2017-05-26 From committee: Amend, and do pass as amended. (Ayes 16. Noes 0.) (May 26). amendment-passage, committee-passage, amendment-introduction
2017-05-26 Read second time and amended. Ordered returned to second reading. reading-1, amendment-passage, reading-2
2017-05-30 Read second time. Ordered to third reading. reading-2, reading-1
2017-05-31 Read third time. Passed. Ordered to the Senate. (Ayes 77. Noes 0. Page 1929.) reading-3, passage, reading-1
2017-06-01 In Senate. Read first time. To Com. on RLS. for assignment. reading-1
2017-06-14 Referred to Com. on GOV. & F. referral-committee
2017-06-26 From committee: Amend, and do pass as amended and re-refer to Com. on APPR. (Ayes 7. Noes 0.) (June 21). amendment-passage, committee-passage, amendment-introduction
2017-06-27 Read second time and amended. Re-referred to Com. on APPR. amendment-passage, reading-2, referral-committee, reading-1
2017-07-10 In committee: Referred to APPR. suspense file. referral-committee
2017-09-01 From committee: Do pass. (Ayes 7. Noes 0.) (September 1). committee-passage-favorable, committee-passage
2017-09-05 Read second time. Ordered to third reading. reading-2, reading-1
2017-09-06 Read third time. Passed. Ordered to the Assembly. (Ayes 39. Noes 0. Page 2506.). reading-3, passage, reading-1
2017-09-06 In Assembly. Concurrence in Senate amendments pending. May be considered on or after September 8 pursuant to Assembly Rule 77.
2017-09-11 Senate amendments concurred in. To Engrossing and Enrolling. (Ayes 77. Noes 0. Page 3106.). committee-passage-favorable, amendment-passage
2017-09-19 Enrolled and presented to the Governor at 3 p.m.
2017-10-06 Approved by the Governor. executive-signature
2017-10-06 Chaptered by Secretary of State - Chapter 527, Statutes of 2017.
Source
OpenStates / OpenCivicData bulk snapshot 2026-07-01; origin ocd-bill/1d37e033-faf9-4c2e-9893-498bbaed9c9f. Confidence: reported (aggregated from official California legislature records).