AB 1565 — Research and development tax credit areas.
Last action — From Senate committee without further action.
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✓Introduced
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✓In Committee
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3Passed Assembly
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4Passed Senate
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5To Executive
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6Enacted
This bill died with 2009-2010 Regular Session. It reached “Passed Assembly” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.
This bill is no longer active — its legislative session has ended, so there is no live prognosis. It would have to be reintroduced in the current session to move again.
Summary
Existing law establishes the Department of Housing and Community Development with duties that include overseeing various programs to promote economic and community development throughout the state. This bill would authorize, until January 1, 2016, the department to designate, based on specific factors, a Research and Development Tax Credit Area located within an Innovation Hub or a city, as respectively defined. The Personal Income Tax Law and the Corporation Tax Law, by reference to a specified federal statute, allow a credit against taxes imposed by those laws for increasing research activities. The amount of the credit under both laws is equal to 15% of the excess of the qualified research expenses, as defined, for the taxable year over the base amount, as defined, and, in addition, under the Corporation Tax Law, 24% of the basic research payments, as defined. This bill would, under both laws, in lieu of that credit, for each taxable year beginning on or after January 1, 2011, and before January 1, 2016, provide to a qualified taxpayer, as defined, a tax credit for research and development, as defined, for expenses equal to 20% of the research and development expenses relating to the development of alternative energy sources and advanced transportation technologies, as those terms are defined, conducted in California in a research and development tax area, as described. The bill would further require the Legislative Analyst's Office to report to the Legislature on the effectiveness of the tax credit program established by this act. This bill would take effect immediately as a tax levy.
Bill Text
- Amended 06/16/10 - Amended Senate Current pdf June 16, 2010
- Amended 06/09/10 - Amended Senate pdf June 09, 2010
- Amended 05/28/09 - Amended Senate pdf May 28, 2009
- Amended 04/13/09 - Amended Assembly pdf April 13, 2009
- Introduced 03/12/09 - Introduced pdf March 12, 2009
- AB1565 View text html
Action History
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From Senate committee without further action.
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In committee: Placed on REV. & TAX. suspense file.
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From committee chair, with author's amendments: Amend, and re-refer to committee. Read second time, amended, and re-referred to Com. on REV. & TAX.
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From committee chair, with author's amendments: Amend, and re-refer to committee. Read second time, amended, and re-referred to Com. on REV. & TAX.
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In committee: Set, first hearing. Hearing canceled at the request of author.
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Re-referred to Com. on REV. & TAX.
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From committee chair, with author's amendments: Amend, and re-refer to committee. Read second time, amended, and re-referred to Com. on RLS.
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Referred to Com. on RLS.
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In Senate. Read first time. To Com. on RLS. for assignment.
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Read third time, passed, and to Senate. (Ayes 73. Noes 0. Page 1466.)
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Read second time. To Consent Calendar.
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From committee: Do pass. To Consent Calendar. (May 6).
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Re-referred to Com. on INS.
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From committee chair, with author's amendments: Amend, and re-refer to Com. on INS. Read second time and amended.
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Referred to Com. on INS.
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From printer. May be heard in committee April 12.
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Read first time. To print.
Sponsors
- Blakeslee · Cosponsor
- Buchanan · Primary
- V. Manuel Perez · Cosponsor
- Coto · Cosponsor
- Harkey · Cosponsor
- Harman · Cosponsor
- Huber · Cosponsor
- Silva · Cosponsor
- Solorio · Cosponsor
Sponsorship breakdown
Export CSV (upgrade) →1 sponsors · 8 co-sponsors · 113 not signed on
Sponsors (1)
- Buchanan
Co-sponsors (8)
- Blakeslee
- V. Manuel Perez
- Coto
- Harkey
- Harman
- Huber
- Silva
- Solorio
Not signed on (113)
113 members have not signed on to this bill.
Show all 113 →"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.
Votes
| Party | Yea | Nay | Present | Not Voting |
|---|---|---|---|---|
| Unaffiliated | 77 | 0 | 0 | 7 |
| Democratic | 5 | 0 | 0 | 0 |
| Republican | 3 | 0 | 0 | 0 |
| Total | 85 | 0 | 0 | 7 |
| % of votes cast | 92% | 0% | 0% | 8% |
How each member voted (92)
| Member | Party | Vote |
|---|---|---|
| Carter | — | Yea |
| Chesbro | — | Yea |
| Bill | — | Yea |
| Berryhill | — | Yea |
| Tom | — | Yea |
| Berryhill | — | Yea |
| Charles | — | Yea |
| Anderson | — | Yea |
| Blakeslee | — | Yea |
| Eng | — | Yea |
| Feuer | — | Yea |
| De | — | Yea |
| La | — | Yea |
| Torre | — | Yea |
| De | — | Yea |
| Leon | — | Yea |
| Fuentes | — | Not Voting |
| Fuller | — | Yea |
| Yamada | — | Yea |
| Fletcher | — | Yea |
| Bonnie | — | Yea |
| V. | — | Yea |
| Manuel | — | Yea |
| Perez | — | Yea |
| John | — | Yea |
| A. | — | Yea |
| Perez | — | Yea |
| Portantino | — | Yea |
| Salas | — | Yea |
| Audra | — | Yea |
| Conway | — | Yea |
| Gaines | — | Not Voting |
| Saldana | — | Not Voting |
| Cook | — | Yea |
| Duvall | — | Yea |
| Bass | — | Not Voting |
| Galgiani | — | Yea |
| Gilmore | — | Yea |
| Hagman | — | Yea |
| Hall | — | Yea |
| Hayashi | — | Yea |
| Hernandez | — | Yea |
| Huber | — | Yea |
| Huffman | — | Yea |
| Knight | — | Yea |
| Krekorian | — | Yea |
| Logue | — | Yea |
| Mendoza | — | Yea |
| Miller | — | Yea |
| Nava | — | Yea |
| Nestande | — | Yea |
| Price | — | Yea |
| Ruskin | — | Yea |
| Silva | — | Yea |
| Skinner | — | Yea |
| Solorio | — | Yea |
| Swanson | — | Yea |
| Torres | — | Yea |
| Torrico | — | Yea |
| Villines | — | Yea |
| Adams | — | Yea |
| Ammiano | — | Not Voting |
| Beall | — | Yea |
| Block | — | Yea |
| Blumenfield | — | Yea |
| Brownley | — | Yea |
| Buchanan | — | Yea |
| Harkey | — | Yea |
| Hill | — | Yea |
| Jeffries | — | Yea |
| Lieu | — | Yea |
| Ma | — | Yea |
| Monning | — | Yea |
| Nielsen | — | Yea |
| Smyth | — | Not Voting |
| Torlakson | — | Yea |
| Tran | — | Yea |
| Emmerson | — | Yea |
| Coto | — | Yea |
| Evans | — | Yea |
| Davis | — | Yea |
| DeVore | — | Yea |
| Furutani | — | Yea |
| Garrick | — | Not Voting |
| Arambula, Joaquin | Democratic | Yea |
| Caballero, Anna M. | Democratic | Yea |
| Calderon, Lisa | Democratic | Yea |
| Fong, Mike | Democratic | Yea |
| Lowenthal, Josh | Democratic | Yea |
| Jones, Brian W. | Republican | Yea |
| Niello, Roger W. | Republican | Yea |
| Strickland, Tony | Republican | Yea |
| Party | Yea | Nay | Present | Not Voting |
|---|---|---|---|---|
| Unaffiliated | 8 | 0 | 0 | 1 |
| Democratic | 0 | 0 | 0 | 1 |
| Republican | 1 | 0 | 0 | 0 |
| Total | 9 | 0 | 0 | 2 |
| % of votes cast | 82% | 0% | 0% | 18% |
How each member voted (11)
| Member | Party | Vote |
|---|---|---|
| Charles | — | Not Voting |
| Carter | — | Yea |
| Feuer | — | Yea |
| Garrick | — | Yea |
| Hayashi | — | Yea |
| Hill | — | Yea |
| Blakeslee | — | Yea |
| Torres | — | Yea |
| Coto | — | Yea |
| Calderon, Lisa | Democratic | Not Voting |
| Niello, Roger W. | Republican | Yea |
Subjects
Frequently asked questions
- What does AB 1565 do?
- Existing law establishes the Department of Housing and Community Development with duties that include overseeing various programs to promote economic and community development throughout the state. This bill would authorize, until January 1, 2016, the department to designate, based on specific factors, a Research and Development Tax Credit Area located within an Innovation Hub or a city, as respectively defined. The Personal Income Tax Law and the Corporation Tax Law, by reference to a specified federal statute, allow a credit against taxes imposed by those laws for increasing research activities. The amount of the credit under both laws is equal to 15% of the excess of the qualified research expenses, as defined, for the taxable year over the base amount, as defined, and, in addition, under the Corporation Tax Law, 24% of the basic research payments, as defined. This bill would, under both laws, in lieu of that credit, for each taxable year beginning on or after January 1, 2011, and before January 1, 2016, provide to a qualified taxpayer, as defined, a tax credit for research and development, as defined, for expenses equal to 20% of the research and development expenses relating to the development of alternative energy sources and advanced transportation technologies, as those terms are defined, conducted in California in a research and development tax area, as described. The bill would further require the Legislative Analyst's Office to report to the Legislature on the effectiveness of the tax credit program established by this act. This bill would take effect immediately as a tax levy.
- Who sponsors AB 1565?
- AB 1565 is sponsored by Blakeslee, Buchanan, V. Manuel Perez, Coto, Harkey, Harman, Huber, Silva, and Solorio.
- What is the current status of AB 1565?
- This bill died with 2009-2010 Regular Session. It reached “Passed Assembly” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.
- Where can I track AB 1565?
- Track AB 1565 free on One Click Politics — get push/email alerts when it moves.
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