SB 1391 - An Act to Add Sections 17060 and 23603 to the Revenue and Taxation Code, Relating to Taxation.

An Act to Add Sections 17060 and 23603 to the Revenue and Taxation Code, Relating to Taxation.

SB 1391 — 2009-2010 Legislature

Summary

The Personal Income Tax Law and the Corporation Tax Law authorize various credits, deductions, exclusions, exemptions, and other tax benefits with respect to the taxes imposed by those laws.

This bill would require a taxpayer, as described, doing business in California that claims a business tax incentive, as provided, to submit to the Franchise Tax Board on the original return specified information, including the number of employees employed by the taxpayer in the state.

The bill would also require, in cases in which a taxpayer has a disqualifying event resulting in a net decrease in the number of full-time employees for a business tax incentive added by statute on or after January 1, 2011, the business tax incentive to be recaptured, and the taxable amount computed in accordance with specified procedures.

Learn More

At LegInfo.ca.gov

Title

An Act to Add Sections 17060 and 23603 to the Revenue and Taxation Code, Relating to Taxation.

Author(s)

Leland Yee

Co-Authors

Subjects

• Income taxes: business tax incentives: reporting information and recapture

Major Actions

Introduced	2/19/2010
Referred to Committee
Passed Revenue and Taxation	5/12/2010
Passed Senate Committee on Appropriations	5/24/2010
Passed Senate	6/03/2010
Passed Assembly Committee on Revenue and Taxation	6/28/2010
Passed Assembly Committee on Appropriations	8/12/2010
Passed Assembly	8/25/2010
Failed passage in Senate	8/31/2010

Bill History

• All Votes
• All Actions

	Chamber/Committee	Motion	Date	Result
select this vote	Revenue and Taxation	Do pass as amended, and re-refer to the Committee on Appropriations.	5/12/2010	This motion PASSED the Revenue and Taxation 3 voted YES 1 voted NO 1 voted present/not voting
currently selected	Senate Committee on Appropriations	Do pass.	5/24/2010	This motion PASSED the Senate Committee on Appropriations 6 voted YES 3 voted NO 2 voted present/not voting
select this vote	Senate	Senate 3rd Reading SB1391 Yee	6/03/2010	This bill PASSED the Senate 22 voted YES 11 voted NO 5 voted present/not voting
select this vote	Assembly Committee on Revenue and Taxation	Do pass as amended and be re-referred to the Committee on Appropriations.	6/28/2010	This motion PASSED the Assembly Committee on Revenue and Taxation 6 voted YES 3 voted NO 0 voted present/not voting
select this vote	Assembly Committee on Appropriations	Do pass as amended.	8/12/2010	This motion PASSED the Assembly Committee on Appropriations 12 voted YES 5 voted NO 0 voted present/not voting
select this vote	Assembly	SB 1391 Yee Senate Third Reading By SWANSON	8/25/2010	This bill PASSED the Assembly 46 voted YES 28 voted NO 4 voted present/not voting
select this vote	Senate	W/O REF. TO FILE SB1391 Yee Concurrence	8/31/2010	This bill DID NOT PASS the Senate 20 voted YES 17 voted NO 2 voted present/not voting

	Action	Date	Description
	Introduced	2/19/2010
		2/19/2010	Introduced. Read first time. To Com. on RLS. for assignment. To print.
		2/20/2010	From print. May be acted upon on or after March 22.
		3/11/2010	To Com. on RLS.
		4/06/2010	From committee with author's amendments. Read second time. Amended. Re-referred to Com. on RLS.
		4/08/2010	Re-referred to Com. on REV. & TAX.
		4/20/2010	Set for hearing April 28.
		4/26/2010	Hearing postponed by committee.
		4/27/2010	Set for hearing May 12.
select this vote	Vote	5/12/2010	Do pass as amended, and re-refer to the Committee on Appropriations.
		5/18/2010	From committee: Do pass as amended, but first amend, and re-refer to Com. on APPR. (Ayes 3. Noes 1. Page 3548.)
		5/19/2010	Read second time. Amended. Re-referred to Com. on APPR.
		5/21/2010	Set for hearing May 24.
currently selected	Vote	5/24/2010	Do pass.
		5/25/2010	From committee: Do pass. (Ayes 6. Noes 3. Page 3594.)
		5/26/2010	Read second time. To third reading.
		6/03/2010	Read third time. Passed. (Ayes 22. Noes 11. Page 3776.) To Assembly.
		6/03/2010	In Assembly. Read first time. Held at Desk.
select this vote	Senate Vote on Passage	6/03/2010	Senate 3rd Reading SB1391 Yee
		6/10/2010	To Com. on REV. & TAX.
select this vote	Vote	6/28/2010	Do pass as amended and be re-referred to the Committee on Appropriations.
		7/06/2010	From committee: Do pass as amended, but first amend, and re-refer to Com. on APPR. (Ayes 6. Noes 3.) (Heard in committee on June 28.)
		8/02/2010	Read second time. Amended. Re-referred to Com. on APPR. Joint Rule 62(a) file notice suspended. (Page 5989.) (August 2 amended measure version corrected August 3.)
		8/05/2010	Set, first hearing. Referred to APPR. suspense file.
select this vote	Vote	8/12/2010	Do pass as amended.
		8/16/2010	(Heard in committee August 12.) From committee: Do pass as amended. (Ayes 12. Noes 5.)
		8/17/2010	Read second time. Amended. To second reading.
		8/18/2010	Read second time. To third reading.
		8/20/2010	Read third time. Amended. (Page 6425.) To third reading.
		8/23/2010	Assembly Rule 69(d) suspended. (Page 6463.)
		8/25/2010	Read third time. Passed. (Ayes 46. Noes 28. Page 6690.) To Senate.
select this vote	Assembly Vote on Passage	8/25/2010	SB 1391 Yee Senate Third Reading By SWANSON
		8/31/2010	In Senate. Senate refuses to concur in Assembly amendments. (Ayes 20. Noes 17. Page 5115.)
select this vote	Senate Vote on Passage	8/31/2010	W/O REF. TO FILE SB1391 Yee Concurrence