Bill Text: CA AB2259 | 2017-2018 | Regular Session | Amended
Bill Title: Personal income taxes: credit: still birth.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Introduced - Dead) 2018-05-25 - In committee: Held under submission. [AB2259 Detail]
Download: California-2017-AB2259-Amended.html
Amended
IN
Assembly
April 30, 2018 |
CALIFORNIA LEGISLATURE—
2017–2018 REGULAR SESSION
Assembly Bill | No. 2259 |
Introduced by Assembly Member Patterson |
February 13, 2018 |
An act to add and repeal Section 17054.3 to the Revenue and Taxation Code, relating to taxation, to take effect immediately, tax levy.
LEGISLATIVE COUNSEL'S DIGEST
AB 2259, as amended, Patterson.
Personal income taxes: credit: still birth.
The Personal Income Tax Law allows various credits against the taxes imposed by that law, including a credit for a personal exemption for dependents.
This bill bill, for taxable years beginning on or after January 1, 2018, and before January 1, 2023, would allow a credit against those taxes for each taxable year beginning on or after January 1, 2018, to taxpayers to a taxpayer who hold
holds a Certificate of Still Birth in an amount equal to the credit for a personal exemption for a dependent, as provided, for the taxable year in which the certificate is issued. actual amount of medical and burial or cremation costs paid or incurred, not to exceed $2,000, during the taxable year in which the still birth occurred.
This bill would take effect immediately as a tax levy.
Digest Key
Vote: MAJORITY Appropriation: NO Fiscal Committee: YES Local Program: NOBill Text
The people of the State of California do enact as follows:
SECTION 1.
Section 17054.3 is added to the Revenue and Taxation Code, to read:17054.3.
(a) For each taxable year beginning on or after January 1, 2018, and before January 1, 2023, there shall be allowed to a taxpayer who holds a Certificate of Still Birth a credit against the “net tax,” as defined in Section 17039, in an amount equal to the(b) Section 41 does not apply to the credit allowed by this section.
(c) This section shall remain in effect only until December 1, 2023, and as of that date is repealed.