Bill Text: CA AB2517 | 2013-2014 | Regular Session | Amended
Bill Title: Economic development: taxation: credits: certifications.
Spectrum: Moderate Partisan Bill (Democrat 8-1)
Status: (Engrossed - Dead) 2014-06-25 - In committee: Set, first hearing. Hearing canceled at the request of author. [AB2517 Detail]
Download: California-2013-AB2517-Amended.html
BILL NUMBER: AB 2517 AMENDED BILL TEXT AMENDED IN ASSEMBLY MAY 15, 2014 AMENDED IN ASSEMBLY MAY 7, 2014 AMENDED IN ASSEMBLY APRIL 1, 2014 INTRODUCED BY Assembly Member Daly (Coauthors: Assembly MembersBrownand FoxBrown, Cooley, Eggman, Fox, and Hall ) (Coauthor:SenatorHuesoCoauthors: Senators Cannella, Correa, and Hueso ) FEBRUARY 21, 2014 An act to amend Section 7069 of the Government Code, relating to taxation, and declaring the urgency thereof, to take effect immediately. LEGISLATIVE COUNSEL'S DIGEST AB 2517, as amended, Daly. Economic development: taxation: credits: certifications. The Personal Income Tax Law and the Corporation Tax Law authorize various credits against the taxes imposed by those laws, including a hiring credit for qualified taxpayers who hire qualified employees, as defined, within enterprise zones and local agency military base recovery areas, subject to specified criteria and requirements. Those laws require that a taxpayer obtain a certification from the Employment Development Department, as permitted by federal law, the local county or city Job Training Partnership Act administrative entity, the local county GAIN office or social services agency, or the local government administering a specified area or zone that provides that a qualified employee meets the specified eligibility requirements. Existing law authorizes any local entity formerly authorized to issue a certification that provides that a qualified employee, qualified disadvantaged individual, or qualified displaced employee meets specified eligibility requirements, to continue to accept applications for certification and to issue the certifications up to but no later than January 1, 2015. This bill would instead authorize those local entities to continue to accept applications for the certification up to but no later than January 1, 2015, and would provide that a local entity has until January 1, 2016, to issue the certifications. This bill would declare that it is to take effect immediately as an urgency statute. Vote: 2/3. Appropriation: no. Fiscal committee: no. State-mandated local program: no. THE PEOPLE OF THE STATE OF CALIFORNIA DO ENACT AS FOLLOWS: SECTION 1. Section 7069 of the Government Code is amended to read: 7069. Notwithstanding the repeal of Chapter 12.8 (commencing with Section 7070), Chapter 12.93 (commencing with Section 7097), and Chapter 12.97 (commencing with Section 7105) of the Government Code by Chapter 69 of the Statutes of 2013, a local entity formerly authorized by one or more of those chapters of the Government Code to issue a certification that provides that a qualified employee, qualified disadvantaged individual, or qualified displaced employee meets the specified eligibility requirements under Section 17053.34, 17053.46, 17053.47, 17053.74, 23622.7, 23622.8, 23634, or 23646 of the Revenue and Taxation Code may continue to accept applications for the certification up to but no later than January 1, 2015. A local entity shall have until January 1, 2016, to issue the certifications. SEC. 2. This act is an urgency statute necessary for the immediate preservation of the public peace, health, or safety within the meaning of Article IV of the Constitution and shall go into immediate effect. The facts constituting the necessity are: In order to extend the deadline to ensure that taxpayers can timely obtain certifications from local entitiesfor purposes ofto be eligible for income tax hiring credits for employees hired within enterprise zones and local agency military base recovery areas, it is necessary that this act take immediate effect.
