California 2011-2012 Regular Session Status: In Committee

AB 11 — Taxes: credits: small businesses.

Last action — From committee: Filed with the Chief Clerk pursuant to Joint Rule 56.

  1. ✓
    Introduced
  2. 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 “In Committee” 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This bill is no longer active — its legislative session has ended, so there is no live prognosis.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 authorize various credits against the taxes imposed by those laws, including a credit in an amount equal to $3,000, prorated as provided, for each full-time employee hired during the taxable year by a qualified employer, as defined. Existing law caps the total amount of credit which may be allocated under those provisions to $400,000,000. This bill would reduce the total amount of credit which may be allocated under those laws to $200,000,000. This bill would also, for taxable years beginning on or after January 1, 2011, authorize a credit, under both laws, in an amount equal to 20% of the total amount of the annual workers' compensation premiums paid by a qualified taxpayer, as defined. This bill would cap the total amount of credit which may be allocated under these provisions to $200,000,000. This bill would constitute a change in state statute that would result in a taxpayer paying a higher tax within the meaning of Section 3 of Article XIIIA of the California Constitution, and thus would require for passage the approval of 23 of the membership of each house of the Legislature. This bill would take effect immediately as a tax levy.

Bill Text

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Action History

  1. From committee: Filed with the Chief Clerk pursuant to Joint Rule 56.

  2. Died pursuant to Art. IV, Sec. 10(c) of the Constitution.

  3. In committee: Set, second hearing. Held under submission.

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

  5. In committee: Hearing postponed by committee.

  6. In committee: Hearing postponed by committee.

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

  8. From printer. May be heard in committee January 6.

  9. Read first time. To print.

Sponsors

  • Portantino · Primary

Sponsorship breakdown

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

Sponsors (1)

  • Portantino

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

Subjects

taxation
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Frequently asked questions

What does AB 11 do?
The Personal Income Tax Law and the Corporation Tax Law authorize various credits against the taxes imposed by those laws, including a credit in an amount equal to $3,000, prorated as provided, for each full-time employee hired during the taxable year by a qualified employer, as defined. Existing law caps the total amount of credit which may be allocated under those provisions to $400,000,000. This bill would reduce the total amount of credit which may be allocated under those laws to $200,000,000. This bill would also, for taxable years beginning on or after January 1, 2011, authorize a credit, under both laws, in an amount equal to 20% of the total amount of the annual workers' compensation premiums paid by a qualified taxpayer, as defined. This bill would cap the total amount of credit which may be allocated under these provisions to $200,000,000. This bill would constitute a change in state statute that would result in a taxpayer paying a higher tax within the meaning of Section 3 of Article XIIIA of the California Constitution, and thus would require for passage the approval of 23 of the membership of each house of the Legislature. This bill would take effect immediately as a tax levy.
Who sponsors AB 11?
AB 11 is sponsored by Portantino.
What is the current status of AB 11?
This bill died with 2011-2012 Regular Session. It reached “In Committee” 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 11?
Track AB 11 free on One Click Politics — get push/email alerts when it moves.

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