Income taxes: credits: corporate tax rate: minimum franchise tax: critical needs fund.
This bill did not become law and its session has ended, so it can no longer move. It would have to be reintroduced.
- Stage
- Session ended
- Started in
- Senate
- Sponsor
- 1
- Latest action
- Feb 1, 2024
What it does
(1) The Personal Income Tax Law allows various credits against the taxes imposed by that law, including, for taxable years beginning on or after January 1, 2024, a credit in an amount equal to the greater of the dues paid to a labor organization during the taxable year by an individual multiplied by a workers' tax credit adjustment factor, as described, or an amount of dues paid by an individual not to exceed a specified amount, as provided in the annual Budget Act. Existing law provides that the workers' tax credit adjustment factor is 0% and the dollar amount allowed is $0 for each taxable year unless otherwise specified in the annual Budget Act, as provided. Existing law states the…
Where it stands
This bill did not become law and its session has ended, so it can no longer move. It would have to be reintroduced.
Introduced (Current step)
Committee (Needs attention)
Floor (Not started)
Law (Not started)
What moved
Who is involved
Sponsors
The lawmakers who put their names on it, lead sponsors first.
- Committee on Budget and Fiscal Review
In the news
Reporting that may mention this subject. Possible matches are labeled.
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Where it goes next
While a bill can still move, the questions are about people and money in California.