Bill Text: CA AB2283 | 2017-2018 | Regular Session | Introduced
Bill Title: Income taxes: exclusion: turf removal water conservation program.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Introduced - Dead) 2018-05-25 - In committee: Held under submission. [AB2283 Detail]
Download: California-2017-AB2283-Introduced.html
CALIFORNIA LEGISLATURE—
2017–2018 REGULAR SESSION
| Assembly Bill | No. 2283 |
| Introduced by Assembly Member Holden |
February 13, 2018 |
An act to amend Sections 17138.2 and 24308.2 of the Revenue and Taxation Code, relating to taxation, to take effect immediately, tax levy.
LEGISLATIVE COUNSEL'S DIGEST
AB 2283, as introduced, Holden.
Income taxes: exclusion: turf removal water conservation program.
The Personal Income Tax Law and the Corporation Tax Law, for taxable years beginning on or after January 1, 2014, and before January 1, 2019, provide an exclusion from gross income for any amount received as a rebate, voucher, or other financial incentive issued by a local water agency or supplier for participation in a turf removal water conservation program.
This bill would extend the operation of those provisions to January 1, 2024.
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 17138.2 of the Revenue and Taxation Code is amended to read:17138.2.
(a) For taxable years beginning on or after January 1, 2014, and before January 1,(b) This section shall remain in effect only until December 1, 2019, 2024, and as of
that date is repealed.
SEC. 2.
Section 24308.2 of the Revenue and Taxation Code is amended to read:24308.2.
(a) For taxable years beginning on or after January 1, 2014, and before January 1,(b) This section shall remain in effect only until December 1, 2019, 2024, and as of
that date is repealed.
