California 2011-2012 Regular Session Status: Passed Assembly

AB 2687 — Income taxes: charitable remainder trusts.

Last action — In committee: Set, first hearing. Hearing canceled at the request of author.

Track this bill free

No card. One bill, free forever — alerts when it moves.

  1. ✓
    Introduced
  2. ✓
    In Committee
  3. 3
    Passed Assembly
  4. 4
    Passed Senate
  5. 5
    To Executive
  6. 6
    Enacted

This bill died with 2011-2012 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This bill is no longer active — its legislative session has ended, so there is no live prognosis.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

The Personal Income Tax Law does not conform to the federal Internal Revenue Code with regard to the taxation of specified trusts. Existing law exempts any charitable remainder annuity trust or charitable remainder unitrust from specified taxes unless that trust has unrelated business taxable income, in which case that trust shall be taxed, as provided. This bill would, for taxable years beginning on or after January 1, 2011, provide that a charitable remainder annuity trust and a charitable remainder unitrust shall retain tax exempt status under the federal Internal Revenue Code and would otherwise restate and clarify the existing basis for tax liability on the part of those trusts by reason of unrelated business taxable income. This bill would take effect immediately as a tax levy.

Bill Text

What changed in the latest version

1 added · 1 removed

1 line(s) added, 1 removed.

→
Previous
Latest
Bill Number Bill Keyword Home Bill Information California Law Publications Other Resources My Subscriptions My Favorites Bill Information >> Bill Search >> Text Bill TextBill Information PDF2 Add To My Favorites | Version:
Bill Number Bill Keyword Home Bill Information California Law Publications Other Resources My Subscriptions My Favorites Bill Information >> Bill Search >> Text Bill Text PDF2 Add To My Favorites | Version:
⬇ Download PDF
View plain text versions (2)

Action History

  1. In committee: Set, first hearing. Hearing canceled at the request of author.

  2. Referred to Com. on GOV. & F.

  3. In Senate. Read first time. To Com. on RLS. for assignment.

  4. Read third time. Passed. Ordered to the Senate. (Ayes 73. Noes 0. Page 5185.)

  5. Read second time. Ordered to third reading.

  6. From committee: Do pass. (Ayes 17. Noes 0.) (May 25).

  7. In committee: Set, first hearing. Referred to APPR. suspense file.

  8. From committee: Do pass and re-refer to Com. on APPR. (Ayes 8. Noes 0.) (May 14). Re-referred to Com. on APPR.

  9. In committee: Set, first hearing. Referred to REV. & TAX. suspense file.

  10. Referred to Com. on REV. & TAX.

  11. From printer. May be heard in committee April 12.

  12. Read first time. To print.

Sponsors

  • Committee on Revenue and Taxation · Primary

Sponsorship breakdown

Export CSV (upgrade) →

1 sponsors · 0 co-sponsors · 121 not signed on

Sponsors (1)

  • Committee on Revenue and Taxation

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.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Votes

AB 2687 REV. & TAX. Assembly Third Reading By PEREA

Passed 73 Yea · 0 Nay · 7 Other
Party YeaNayPresentNot Voting
Republican 2000
Unaffiliated 71006
Democratic 0001
Total 73007
% of votes cast 91%0%0%9%
How each member voted (80)
Member Party Vote
Hall — Yea
Butler — Yea
Carter — Yea
Feuer — Yea
Furutani — Yea
Garrick — Yea
Fong — Yea
Cedillo — Yea
Gatto — Yea
Allen — Yea
Gordon — Yea
Gorell — Yea
Hagman — Yea
Portantino — Yea
John A. Pérez — Yea
Mitchell — Yea
Halderman — Yea
Harkey — Yea
Hayashi — Yea
Chesbro — Yea
Huber — Yea
Bonilla — Yea
Alejo — Yea
Block — Yea
Conway — Yea
Cook — Yea
Davis — Yea
Dickinson — Yea
Hueso — Yea
Jeffries — Yea
Knight — Yea
Logue — Yea
Miller — Yea
Monning — Yea
Nestande — Yea
Nielsen — Yea
Olsen — Yea
Perea — Yea
Skinner — Yea
Smyth — Yea
Torres — Yea
Wagner — Yea
Atkins — Yea
Fletcher — Not Voting
Campos — Yea
Donnelly — Yea
Mendoza — Not Voting
Morrell — Yea
Solorio — Yea
Achadjian — Yea
Ammiano — Not Voting
Beall — Yea
Blumenfield — Yea
Bradford — Yea
Brownley — Yea
Buchanan — Yea
Hill — Yea
Huffman — Yea
Lara — Yea
Ma — Yea
Mansoor — Not Voting
Norby — Not Voting
Pan — Yea
Silva — Yea
Swanson — Yea
Valadao — Not Voting
Wieckowski — Yea
Williams — Yea
Eng — Yea
Yamada — Yea
Fuentes — Yea
Galgiani — Yea
Beth Gaines — Yea
Bill Berryhill — Yea
Bonnie Lowenthal — Yea
Roger Hernández — Yea
V. Manuel Pérez — Yea
Calderon, Lisa Democratic Not Voting
Grove, Shannon Republican Yea
Jones, Brian W. Republican Yea

Official roll call →

Do pass.

Passed 17 Yea · 0 Nay
Party YeaNayPresentNot Voting
Unaffiliated 16000
Democratic 1000
Total 17000
% of votes cast 100%0%0%0%
How each member voted (17)
Member Party Vote
Campos — Yea
Fuentes — Yea
Davis — Yea
Harkey — Yea
Mitchell — Yea
Hill — Yea
Ammiano — Yea
Donnelly — Yea
Lara — Yea
Norby — Yea
Solorio — Yea
Blumenfield — Yea
Bradford — Yea
Nielsen — Yea
Wagner — Yea
Gatto — Yea
Calderon, Lisa Democratic Yea

Official roll call →

Subjects

taxation finance
Cross-referencing the record. Reading this bill against every other bill in the corpus by meaning, not keywords. Only the first open is slow. It’s instant for you after this. Matching · Ranking · Engrossing

Frequently asked questions

What does AB 2687 do?
The Personal Income Tax Law does not conform to the federal Internal Revenue Code with regard to the taxation of specified trusts. Existing law exempts any charitable remainder annuity trust or charitable remainder unitrust from specified taxes unless that trust has unrelated business taxable income, in which case that trust shall be taxed, as provided. This bill would, for taxable years beginning on or after January 1, 2011, provide that a charitable remainder annuity trust and a charitable remainder unitrust shall retain tax exempt status under the federal Internal Revenue Code and would otherwise restate and clarify the existing basis for tax liability on the part of those trusts by reason of unrelated business taxable income. This bill would take effect immediately as a tax levy.
Who sponsors AB 2687?
AB 2687 is sponsored by Committee on Revenue and Taxation.
What is the current status of AB 2687?
This bill died with 2011-2012 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 2687?
Track AB 2687 free on One Click Politics — get push/email alerts when it moves.

Make your voice heard on AB 2687

Find the representatives who decide this bill and tell them where you stand — for yourself, or mobilize your whole list in one click with One Click Politics advocacy software.

Find my representatives → Run a campaign

Stay ahead of AB 2687

Last checked for changes 3 months ago · updated continuously

One Click Politics tracks every bill in Congress and all 50 states.

Track this bill →