Bill Text: CA SB265 | 2021-2022 | Regular Session | Amended
Bill Title: Taxation: federal conformity: grant allocations.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Failed) 2022-02-01 - Returned to Secretary of Senate pursuant to Joint Rule 56. [SB265 Detail]
Download: California-2021-SB265-Amended.html
Amended
IN
Senate
March 04, 2021 |
Introduced by Senator Borgeas |
January 27, 2021 |
LEGISLATIVE COUNSEL'S DIGEST
Existing law authorizes a county board of supervisors, by ordinance, to provide an assessee of taxable property, or a person liable for the taxes thereon, whose property was damaged or destroyed without that person’s fault, the opportunity to apply for reassessment of that property, as specified.
This bill would make nonsubstantive changes to those provisions.
Digest Key
Vote:Bill Text
The people of the State of California do enact as follows:
SECTION 1.
Section 17131.8 of the Revenue and Taxation Code is amended to read:17131.8.
(a) For taxable years beginning on(b)Any credit or deduction otherwise allowed under this part for any amount paid or incurred by the taxpayer upon which this exclusion is based shall be reduced by the amount of the exclusion allowed under this section.
(c)
SEC. 2.
Section 24308.6 of the Revenue and Taxation Code is amended to read:24308.6.
(a) For taxable years beginning on(b)Any credit or deduction otherwise allowed under this part for any amount paid or incurred by the taxpayer upon which this exclusion is based shall be reduced by the amount of the exclusion allowed under this section.
(c)