Personal Income and Corporation Tax Law: nonqualified deferred compensation plan: tentative minimum tax: credits: exempt organizations.
It became law on Oct 4, 2013.
- Stage
- Became law
- Started in
- Assembly
- Sponsor
- 1
- Latest action
- Oct 4, 2013
What it does
The Personal Income Tax Law conforms to the federal income tax law that includes in gross income the compensation from nonqualified deferred compensation plans that fail to meet specified requirements. These laws require the amount of tax imposed to be increased by the amount of interest at the underpayment rate, as specified, and 20% of the compensation that is required to be included in gross income.
Where it stands
This bill passed and is now law.
Introduced (Done)
Committee (Done)
Floor (Done)
Law (Done)
What moved
Who is involved
Sponsors
The lawmakers who put their names on it, lead sponsors first.
- Bocanegra
In the news
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Where it goes next
Once a bill is decided, the questions are about what is done with it in California.