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, 2023, equal to 50% of a contribution to the College Access Tax Credit Fund, which is established as a special fund to receive the contributions for which the credit is given. 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 (commission) for awarding Cal Grants, and requires the commission, to the extent feasible, to make annual disbursements from the moneys allocated to the commission, as provided.
California AB 2880 (20212022) — 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, 2023, equal to 50% of a contribution to the College Access Tax Credit Fund, which is established as a special fund to receive the contributions for which the credit is given. 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 (commission) for awarding Cal Grants, and requires the commission, to the extent feasible, to make annual disbursements from the moneys allocated to the commission, as provided.
Version chain
The bill's text revisions, in order — the diff chain from filing to enrollment.
Do pass as amended, but first amend, and re-refer to the Committee on [Appropriations] — 5–0 (pass) · upper
AB 2880 Mia Bonta Concurrence in Senate Amendments — 76–0 (pass) · lower
Do pass. — 16–0 (pass) · lower
Placed on suspense file — 6–0 (pass) · upper
Special Consent AB2880 — 40–0 (pass) · upper
AB 2880 Mia Bonta Assembly Third Reading By HANEY — 73–0 (pass) · lower
Do pass — 7–0 (pass) · upper
Do pass and be re-referred to the Committee on [Higher Education] — 9–0 (pass) · lower
Do pass and be re-referred to the Committee on [Appropriations] — 12–0 (pass) · lower
Sponsors
Mia Bonta — primary (person)
Timeline
The legislative action history — every referral, reading, and vote.
2022-02-18 Introduced. To print. introduction
2022-02-19 From printer. May be heard in committee March 21.
2022-03-17 Referred to Coms. on REV. & TAX. and HIGHER ED. referral-committee
2022-04-04 In committee: Hearing for testimony only.
2022-04-06 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-1, reading-2
2022-04-07 Re-referred to Com. on REV. & TAX. referral-committee
2022-04-19 From committee: Do pass and re-refer to Com. on HIGHER ED. (Ayes 9. Noes 0.) (April 18). Re-referred to Com. on HIGHER ED. committee-passage, committee-passage-favorable, referral-committee
2022-04-27 From committee: Do pass and re-refer to Com. on APPR. (Ayes 12. Noes 0.) (April 26). Re-referred to Com. on APPR. committee-passage, committee-passage-favorable, referral-committee
2022-05-11 In committee: Hearing postponed by committee.
2022-05-18 In committee: Set, first hearing. Referred to suspense file. referral-committee
2022-05-19 From committee: Do pass. (Ayes 16. Noes 0.) (May 19). committee-passage, committee-passage-favorable
2022-05-19 Read second time. Ordered to third reading. reading-1, reading-2
2022-05-23 Read third time. Passed. Ordered to the Senate. (Ayes 73. Noes 0. Page 4876.) passage, reading-1, reading-3
2022-05-24 In Senate. Read first time. To Com. on RLS. for assignment. reading-1
2022-06-01 Referred to Com. on GOV. & F. referral-committee
2022-06-15 From committee: Amend, and do pass as amended and re-refer to Com. on APPR. (Ayes 5. Noes 0.) (June 15). amendment-introduction, amendment-passage, committee-passage, referral-committee
2022-06-16 Read second time and amended. Re-referred to Com. on APPR. amendment-passage, reading-1, reading-2, referral-committee
2022-06-27 In committee: Referred to suspense file. referral-committee
2022-08-11 From committee: Do pass. (Ayes 7. Noes 0.) (August 11). committee-passage, committee-passage-favorable
2022-08-11 Read second time. Ordered to third reading. reading-1, reading-2
2022-08-22 Ordered to special consent calendar.
2022-08-23 Read third time. Passed. Ordered to the Assembly. (Ayes 40. Noes 0. Page 4983.). passage, reading-1, reading-3
2022-08-23 In Assembly. Concurrence in Senate amendments pending. May be considered on or after August 25 pursuant to Assembly Rule 77.
2022-08-24 Assembly Rule 77(a) suspended.
2022-08-24 Senate amendments concurred in. To Engrossing and Enrolling. (Ayes 76. Noes 0.). amendment-passage, committee-passage-favorable
2022-08-31 Enrolled and presented to the Governor at 9:30 p.m.
2022-09-30 Approved by the Governor. executive-signature
2022-09-30 Chaptered by Secretary of State - Chapter 976, Statutes of 2022. became-law
Source
OpenStates / OpenCivicData bulk snapshot 2026-07-01; origin ocd-bill/cf81c488-65e0-405d-bb16-d880286adb78. Confidence: reported (aggregated from official California legislature records).