Bill Text: CA SB1437 | 2019-2020 | Regular Session | Introduced
Bill Title: Personal income taxes.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Introduced - Dead) 2020-03-12 - Referred to Com. on RLS. [SB1437 Detail]
Download: California-2019-SB1437-Introduced.html
CALIFORNIA LEGISLATURE—
2019–2020 REGULAR SESSION
Senate Bill
No. 1437
| Introduced by Senator Grove |
February 21, 2020 |
An act to amend Section 17010 of the Revenue and Taxation Code, relating to taxation.
LEGISLATIVE COUNSEL'S DIGEST
SB 1437, as introduced, Grove.
Personal income taxes.
The Personal Income Tax Law imposes taxes on 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: NOBill 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 fiscal year has 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.
