Bill Text: CA SB289 | 2017-2018 | Regular Session | Enrolled
Bill Title: Personal income taxes: gross income exclusion: reservation-sourced income.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Vetoed) 2018-03-03 - Last day to consider Governor’s veto pursuant to Joint Rule 58.5. [SB289 Detail]
Download: California-2017-SB289-Enrolled.html
|
Enrolled
September 14, 2017 |
|
Passed
IN
Senate
May 31, 2017 |
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Passed
IN
Assembly
September 12, 2017 |
|
Amended
IN
Senate
April 05, 2017 |
CALIFORNIA LEGISLATURE—
2017–2018 REGULAR SESSION
| Senate Bill | No. 289 |
| Introduced by Senator McGuire |
February 09, 2017 |
An act to add Section 17131.7 to the Revenue and Taxation Code, relating to taxation, to take effect immediately, tax levy.
LEGISLATIVE COUNSEL'S DIGEST
SB 289, McGuire.
Personal income taxes: gross income exclusion: reservation-sourced income.
The Personal Income Tax Law, in conformity with federal income tax law, generally defines “gross income” as income from whatever source derived, except as specifically excluded, and provides various exclusions from gross income.
This bill, for taxable years beginning on or after January 1, 2017, would exclude from gross income the earned income of an eligible taxpayer that is derived from sources within Indian country in this
state. The bill would define specified terms for the purposes of this exclusion.
This bill would take effect immediately as a tax levy.
Digest Key
Vote: MAJORITY Appropriation: NO Fiscal Committee: YES Local Program: NOBill Text
The people of the State of California do enact as follows:
SECTION 1.
Section 17131.7 is added to the Revenue and Taxation Code, to read:17131.7.
(a) For taxable years beginning on or after January 1, 2017, gross income shall not include earned income of an eligible taxpayer.(b) For purposes of this section, the following definitions shall apply:
(1) “Earned income” has the same meaning as provided in Section 32(c)(2) of the Internal Revenue Code, relating to earned income, as modified to substitute the phrase “but only if such amounts would have been otherwise
properly includable in gross income for the taxable year without regard to subdivision (a) and only to the extent that the earned income is derived from sources within Indian country in this state” for the phrase “but only if such amounts are includable in gross income for the taxable year.”
(2) “Eligible taxpayer” means an individual who is a member of a federally recognized Indian tribe in this state who resides within Indian country in this state.
(3) “Indian country” has the same meaning as provided in Section
30101.7.
