Bill Text: CA SB221 | 2023-2024 | Regular Session | Amended
Bill Title: Personal Income Tax Law: Corporation Tax Law: credits: domestic violence survivor housing.
Spectrum: Bipartisan Bill
Status: (Failed) 2024-02-01 - Returned to Secretary of Senate pursuant to Joint Rule 56. [SB221 Detail]
Download: California-2023-SB221-Amended.html
Amended
IN
Senate
April 24, 2023 |
Amended
IN
Senate
March 07, 2023 |
Introduced by Senator Seyarto (Coauthors: Senators Dodd, Glazer, and Roth) (Coauthors: Assembly Members Dixon, Lackey, Mathis, and Weber) |
January 19, 2023 |
LEGISLATIVE COUNSEL'S DIGEST
Digest Key
Vote: MAJORITY Appropriation: NO Fiscal Committee: YES Local Program: YESBill Text
The people of the State of California do enact as follows:
SECTION 1.
Section 17053.35 is added to the Revenue and Taxation Code, to read:17053.35.
(a)(2)A qualified taxpayer may claim no more than one credit for any taxable year pursuant to this section.
(3)
(4)
(5)
(A)The rental rate must be at least 20 percent lower than the fair market rent.
(B)The lease must be for a term of at least six months.
SEC. 2.
Section 23625 is added to the Revenue and Taxation Code, to read:23625.
(a)(2)A qualified taxpayer may claim no more than one credit for any taxable year pursuant to this section.
(3)
(4)
(5)
(A)The rental rate must be at least 20 percent lower than the fair market rent.
(B)The lease must be for a term of at least six months.
(e)For purposes of complying with Section 41, the goal, purpose, objective, performance indicators, and data collection requirements for the credit allowed by this section shall be as specified in subdivision (e) of Section 17053.35.
(f)