Personal Income Tax Law: Corporation Tax Law: disregarded entities: credit limitation.
This bill failed and is no longer moving.
- Stage
- Failed
- Started in
- Assembly
- Sponsor
- 1
- Latest action
- Feb 1, 2024
What it does
The Personal Income Tax Law and the Corporation Tax Law allow various credits against the taxes imposed by those laws, and specify certain limitations and requirements with respect to the application of credits, including limitations on credits allowed with respect to disregarded entities in excess of the tax imposed on income related to those disregarded entities.
Where it stands
This bill failed and is no longer moving.
Failed
This bill failed and is no longer moving.
What moved
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Who is involved
Sponsors
The lawmakers who put their names on it, lead sponsors first.
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.