Bill Text: CA AB2842 | 2015-2016 | Regular Session | Introduced

NOTE: There are more recent revisions of this legislation. Read Latest Draft

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Bill Title: Workforce Housing Tax Credit Pilot: property taxes: income taxes: insurance taxes: credits: low-income housing: sale of credit.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Failed) 2016-11-30 - From committee without further action. [AB2842 Detail]

Download: California-2015-AB2842-Introduced.html

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BILL NUMBER: AB 2842	INTRODUCED
	BILL TEXT


INTRODUCED BY   Assembly Member Thurmond

                        FEBRUARY 19, 2016

   An act relating to taxation.


	LEGISLATIVE COUNSEL'S DIGEST


   AB 2842, as introduced, Thurmond. Personal income tax: credits.
   The Personal Income Tax Law authorizes various credits against the
taxes imposed by that law.
   This bill would express the intent of the Legislature to enact
legislation that would create a new tax credit for working
individuals.
   Vote: majority. Appropriation: no. Fiscal committee: no.
State-mandated local program: no.


THE PEOPLE OF THE STATE OF CALIFORNIA DO ENACT AS FOLLOWS:

  SECTION 1.  It is the intent of the Legislature to enact
legislation that would create a new tax credit for working
individuals.