Bill Text: CA AB454 | 2017-2018 | Regular Session | Introduced

California Assembly Bill 454 (Prior Session Legislation)

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

Bill Title: Personal income taxes: exclusion: wrongfully incarcerated individuals.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Passed) 2017-10-11 - Chaptered by Secretary of State - Chapter 655, Statutes of 2017. [AB454 Detail]

Download: California-2017-AB454-Introduced.html

CALIFORNIA LEGISLATURE— 2017–2018 REGULAR SESSION

Assembly Bill

No. 454

Introduced by Assembly Member Ridley-Thomas

February 13, 2017

An act to add Section 17156.1 to the Revenue and Taxation Code, relating to taxation, to take effect immediately, tax levy.

LEGISLATIVE COUNSEL'S DIGEST

AB 454, as introduced, Ridley-Thomas. Personal income taxes: exclusion: wrongfully convicted individuals.

The Personal Income Tax Law imposes a tax on taxpayers measured by the taxpayer’s taxable income for the taxable year, but excludes certain items of income from the computation of tax, including an exclusion for an amount received as compensation for having been the victim of a miscarriage of justice by a specific individual that was wrongfully convicted. The Internal Revenue Code excludes from gross income certain amounts received by wrongfully incarcerated individuals.

This bill, for taxable years beginning on or after January 1, 2017, would conform state law to that provision of the Internal Revenue Code.

This bill would take effect immediately as a tax levy.

Vote: MAJORITY Appropriation: NO Fiscal Committee: YES Local Program: NO

The people of the State of California do enact as follows:

SECTION 1.

Section 17156.1 is added to the Revenue and Taxation Code, to read:

17156.1.

For taxable years beginning on or after January 1, 2017, Section 139F of the Internal Revenue Code, relating to certain amounts received by wrongfully incarcerated individuals, shall apply.