Bill Text: CA AB598 | 2017-2018 | Regular Session | Introduced

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Bill Title: Personal income taxes.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Failed) 2018-02-01 - Died at Desk. [AB598 Detail]

Download: California-2017-AB598-Introduced.html

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CALIFORNIA LEGISLATURE— 2017–2018 REGULAR SESSION

Assembly Bill

No. 598

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Introduced by Assembly Member Ridley-Thomas

February 14, 2017

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An act to amend Section 17010 of the Revenue and Taxation Code, relating to taxation.

LEGISLATIVE COUNSEL'S DIGEST

AB 598, as introduced, Ridley-Thomas. Personal income taxes.

The Personal Income Tax Law imposes taxes on taxable income and provides definitions of specified terms for purposes of that law, including a definition for “taxable year.”

This bill would make nonsubstantive changes to that definition provision.

Digest Key

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

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Bill Text

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

SECTION 1.

 Section 17010 of the Revenue and Taxation Code is amended to read:

17010.

 (a) “Taxable year” means either the calendar year or the fiscal year upon the basis of which the taxable income is computed under this part. If no a fiscal year has not been established, “taxable year” means the calendar year.

“Taxable

“(b) Taxable year” means, in the case of a return made for a fractional part of a year under this part or under regulations prescribed by the Franchise Tax Board, the period for which the return is made.