Fabio
6.8 KiB
6.8 KiB
type, title, description, jurisdiction, legislature, session, identifier, citation, classification, subjects, status, primary_sponsors, version_count, action_count, vote_count, first_action, last_action, source, source_identifier, source_url, source_hash, vintage, source_snapshot, retrieved_at, confidence, tags
| type | title | description | jurisdiction | legislature | session | identifier | citation | classification | subjects | status | primary_sponsors | version_count | action_count | vote_count | first_action | last_action | source | source_identifier | source_url | source_hash | vintage | source_snapshot | retrieved_at | confidence | tags | |||||||||
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| Bill | Financial transactions: corporate entities, securities, loans, and deposits. | (1) The Nonprofit Corporation Law requires every corporation, during any period that the corporation is considered to be a "private foundation" as defined by the Internal Revenue Code, to distribute its income for each taxable year so as not to subject it to specified taxes for failure to distribute income under federal law. Existing law also prohibits a corporation from engaging in any act of self-dealing, as defined under federal law, and from engaging in other specified activities including retaining excess business holdings and making certain taxable expenditures. | us/states/ca | California Legislature | 20172018 | SB 363 | California SB 363 (20172018) |
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enacted |
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7 | 27 | 1 | 2017-02-14 | 2017-10-05 | openstates | ocd-bill/0c06329e-4b40-487b-824c-0adc24cbe2f8 | http://leginfo.legislature.ca.gov/faces/billNavClient.xhtml?bill_id=201720180SB363 | 3eb97c5ed2040f993f8fa10acac5015231635e351795866452a6edead0cbf448 | 2026-07-01 | https://data.openstates.org/daily/2026-07-01/public.pgdump | 2026-07-06 | reported |
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California SB 363 (20172018) — Financial transactions: corporate entities, securities, loans, and deposits.
(1) The Nonprofit Corporation Law requires every corporation, during any period that the corporation is considered to be a "private foundation" as defined by the Internal Revenue Code, to distribute its income for each taxable year so as not to subject it to specified taxes for failure to distribute income under federal law. Existing law also prohibits a corporation from engaging in any act of self-dealing, as defined under federal law, and from engaging in other specified activities including retaining excess business holdings and making certain taxable expenditures.
Version chain
The bill's text revisions, in order — the diff chain from filing to enrollment.
- 02/14/17 - Introduced (filed) — source
- 03/27/17 - Amended Senate (committee substitute) — source
- 05/24/17 - Amended Assembly (committee substitute) — source
- 08/24/17 - Amended Assembly (committee substitute) — source
- 10/05/17 - Chaptered (committee substitute) — source
- SB363 (committee substitute) — source
- 09/07/17 - Enrolled (enrolled) — source
Votes
- Consent Calendar 2nd SB363 B. & F.I. — 36–0 (pass) · upper
Sponsors
- Committee on Insurance, Banking and Financial Institutions — primary (person)
Timeline
The legislative action history — every referral, reading, and vote.
- 2017-02-14 Introduced. Read first time. To Com. on RLS. for assignment. To print.
introduction, reading-1 - 2017-02-15 From printer. May be acted upon on or after March 17.
- 2017-02-23 Referred to Com. on B. & F.I.
referral-committee - 2017-02-28 Set for hearing April 5.
- 2017-03-27 From committee with author's amendments. Read second time and amended. Re-referred to Com. on B. & F.I.
reading-2, referral-committee, amendment-passage, committee-passage, reading-1 - 2017-04-05 From committee: Do pass and re-refer to Com. on APPR. with recommendation: To consent calendar. (Ayes 7. Noes 0. Page 619.) (April 5). Re-referred to Com. on APPR.
committee-passage-favorable, committee-passage, referral-committee - 2017-04-07 Set for hearing April 17.
- 2017-04-17 From committee: Be ordered to second reading pursuant to Senate Rule 28.8 and ordered to consent calendar.
committee-passage, reading-2 - 2017-04-18 Read second time. Ordered to consent calendar.
reading-2, reading-1 - 2017-04-20 Read third time. Passed. (Ayes 36. Noes 0. Page 769.) Ordered to the Assembly.
reading-3, passage, reading-1 - 2017-04-20 In Assembly. Read first time. Held at Desk.
reading-1 - 2017-05-18 Referred to Com. on B. & F.
referral-committee - 2017-05-24 From committee with author's amendments. Read second time and amended. Re-referred to Com. on B. & F.
reading-2, referral-committee, amendment-passage, committee-passage, reading-1 - 2017-05-31 June 5 hearing postponed by committee.
- 2017-06-15 June 19 hearing postponed by committee.
- 2017-06-26 June 26 hearing postponed by committee.
- 2017-07-11 From committee: Do pass and re-refer to Com. on APPR. with recommendation: To consent calendar. (Ayes 7. Noes 0.) (July 10). Re-referred to Com. on APPR.
committee-passage-favorable, committee-passage, referral-committee - 2017-08-23 From committee: Do pass as amended. Ordered to consent calendar. (Ayes 15. Noes 0.) (August 23).
committee-passage-favorable, committee-passage, amendment-passage - 2017-08-24 Read second time and amended. Ordered to second reading.
reading-1, amendment-passage, reading-2 - 2017-08-28 Read second time. Ordered to consent calendar.
reading-2, reading-1 - 2017-08-31 Read third time. Passed. (Ayes 73. Noes 0. Page 2855.) Ordered to the Senate.
reading-3, passage, reading-1 - 2017-08-31 In Senate. Concurrence in Assembly amendments pending.
- 2017-09-01 Ordered to special consent calendar.
- 2017-09-05 Assembly amendments concurred in. (Ayes 40. Noes 0. Page 2479.) Ordered to engrossing and enrolling.
committee-passage-favorable, amendment-passage - 2017-09-11 Enrolled and presented to the Governor at 4 p.m.
- 2017-10-05 Approved by the Governor.
executive-signature - 2017-10-05 Chaptered by Secretary of State. Chapter 516, Statutes of 2017.
Source
OpenStates / OpenCivicData bulk snapshot 2026-07-01; origin ocd-bill/0c06329e-4b40-487b-824c-0adc24cbe2f8. Confidence: reported (aggregated from official California legislature records).