Income taxes: credit: patent licensing.
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AB 1818 — Income taxes: credit: patent licensing.
Last action — In committee: Set, second hearing. Held under submission.
No card. One bill, free forever — alerts when it moves.
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✓Introduced
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2In 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 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This bill is no longer active — its legislative session has ended, so there is no live prognosis.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 allow various credits against the taxes imposed by those laws. This bill would, under the Personal Income Tax Law and the Corporation Tax Law, for taxable years beginning on or after January 1, 2012, allow a credit against those taxes in an amount equal to 15% of the qualified royalties, as defined, paid by a qualified taxpayer, as defined. This bill would take effect immediately as a tax levy.
Bill Text
- Amended 05/17/12 - Amended Assembly Current pdf May 17, 2012
- Amended 03/29/12 - Amended Assembly pdf March 29, 2012
- Introduced 02/21/12 - Introduced pdf February 21, 2012
- AB1818 View text html
Action History
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In committee: Set, second hearing. Held under submission.
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In committee: Set, first hearing. Referred to APPR. suspense file.
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In committee: Hearing postponed by committee.
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Re-referred to Com. on APPR.
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Read second time and amended.
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From committee: Do pass as amended and re-refer to Com. on APPR. (Ayes 8. Noes 0.) (May 14).
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In committee: Set, first hearing. Referred to REV. & TAX. suspense file.
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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 Com. on REV. & TAX. Read second time and amended.
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Referred to Com. on REV. & TAX.
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From printer. May be heard in committee March 23.
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Read first time. To print.
Sponsors
- Beall · Cosponsor
- Perea · Primary
Sponsorship breakdown
Export CSV (upgrade) →1 sponsors · 1 co-sponsors · 120 not signed on
Sponsors (1)
- Perea
Co-sponsors (1)
- Beall
Not signed on (120)
120 members have not signed on to this bill.
Show all 120 →"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 | 7 | 0 | 0 | 1 |
| Democratic | 1 | 0 | 0 | 0 |
| Total | 8 | 0 | 0 | 1 |
| % of votes cast | 89% | 0% | 0% | 11% |
How each member voted (9)
| Member | Party | Vote |
|---|---|---|
| Cedillo | — | Yea |
| Fuentes | — | Yea |
| Fletcher | — | Not Voting |
| Gordon | — | Yea |
| Harkey | — | Yea |
| Beall | — | Yea |
| Lara | — | Yea |
| Nestande | — | Yea |
| Calderon, Lisa | Democratic | Yea |
Subjects
Frequently asked questions
- What does AB 1818 do?
- The Personal Income Tax Law and the Corporation Tax Law allow various credits against the taxes imposed by those laws. This bill would, under the Personal Income Tax Law and the Corporation Tax Law, for taxable years beginning on or after January 1, 2012, allow a credit against those taxes in an amount equal to 15% of the qualified royalties, as defined, paid by a qualified taxpayer, as defined. This bill would take effect immediately as a tax levy.
- Who sponsors AB 1818?
- AB 1818 is sponsored by Beall and Perea.
- What is the current status of AB 1818?
- 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 1818?
- Track AB 1818 free on One Click Politics — get push/email alerts when it moves.
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