SB 939 — Income and corporation tax credits: Oroville enterprise zone.
Last action — From committee without further action.
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1Introduced
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2In Committee
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3Passed Senate
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4Passed Assembly
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5To Executive
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6Enacted
This bill died with 2009-2010 Regular Session. It reached “Introduced” 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This bill is no longer active — its legislative session has ended, so there is no live prognosis.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
The Personal Income Tax Law and the Corporation Tax Law allow a taxpayer to claim certain tax incentives for activities conducted in an enterprise zone, including a credit in an amount equal to the specified percentage of wages paid during the taxable year to a qualified employee, as defined, who is employed by the taxpayer during the taxable year in an enterprise zone. This bill would authorize the sale of a tax credit by a taxpayer where that credit is attributable to the percentage of wages paid by a taxpayer during a taxable year to a qualified employee employed in the City of Oroville enterprise zone, to an unrelated party. This bill would make legislative findings and declarations as to the necessity of a special statute for the City of Oroville. This bill would take effect immediately as a tax levy.
Bill Text
What changed in the latest version
1 added · 1 removed1 line(s) added, 1 removed.
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- Introduced 02/03/10 - Introduced Current pdf February 03, 2010
- SB939 View text html
Action History
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From committee without further action.
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Placed on REV. & TAX. suspense file.
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Set for hearing May 12.
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To Com. on REV. & TAX.
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From print. May be acted upon on or after March 6.
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Introduced. Read first time. To Com. on RLS. for assignment. To print.
Sponsors
- Aanestad · Primary
Sponsorship breakdown
Export CSV (upgrade) →1 sponsors · 0 co-sponsors · 121 not signed on
Sponsors (1)
- Aanestad
Co-sponsors (0)
None.
Not signed on (121)
121 members have not signed on to this bill.
Show all 121 →"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.
Subjects
Frequently asked questions
- What does SB 939 do?
- The Personal Income Tax Law and the Corporation Tax Law allow a taxpayer to claim certain tax incentives for activities conducted in an enterprise zone, including a credit in an amount equal to the specified percentage of wages paid during the taxable year to a qualified employee, as defined, who is employed by the taxpayer during the taxable year in an enterprise zone. This bill would authorize the sale of a tax credit by a taxpayer where that credit is attributable to the percentage of wages paid by a taxpayer during a taxable year to a qualified employee employed in the City of Oroville enterprise zone, to an unrelated party. This bill would make legislative findings and declarations as to the necessity of a special statute for the City of Oroville. This bill would take effect immediately as a tax levy.
- Who sponsors SB 939?
- SB 939 is sponsored by Aanestad.
- What is the current status of SB 939?
- This bill died with 2009-2010 Regular Session. It reached “Introduced” 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 SB 939?
- Track SB 939 free on One Click Politics — get push/email alerts when it moves.
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