AB 1560 — Income taxes: credits: California Competes Tax Credit.
Last action — Chaptered by Secretary of State - Chapter 378, Statutes of 2014.
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✓Introduced
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✓In Committee
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✓Passed Assembly
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✓Passed Senate
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✓To Executive
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6Enacted
This bill has been enacted into law. Introduced January 29, 2014. Enacted.
Odds of enactment
High chanceBased on the sponsor, cosponsors, and committee posture, this bill has a high chance of becoming law.
Upgrade to see the exact probability and what's driving it.
A statistical estimate from our own model of past outcomes — an insight, not a guarantee. Policymaking is volatile.
Prognosis
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Enacted
Current position in the legislative process.
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8 sponsors
1 primary, 7 co-sponsors signed on.
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Single-party support
Sponsorship is currently within one party (2 D).
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Cleared a recorded vote
Passed 7 recorded votes so far.
Based on stage, sponsorship breadth, committee status, recorded votes, and cross-state momentum — a description of the observable signals, not a prediction.
Summary
Existing law allows a credit against the taxes imposed under the Corporation Tax Law and the Personal Income Tax Law for each taxable year beginning on or after January 1, 2014, and before January 1, 2025, in an amount as provided in a written agreement between the Governor's Office of Business and Economic Development and the taxpayer, agreed upon by the California Competes Tax Credit Committee, and based on specified factors, including the number of jobs the taxpayer will create or retain in the state and the amount of investment in the state by the taxpayer. Existing law limits the aggregate amount of credits allocated to taxpayers to a specified sum per fiscal year. This bill would authorize the Director of Finance to increase the aggregate amount of the economic development credits that may be allocated to taxpayers each fiscal year by $25 million per fiscal year through the 2017–18 fiscal year. This bill would declare that it is to take effect immediately as an urgency statute.
Bill Text
- Chaptered 09/17/14 - Chaptered Current pdf September 17, 2014
- Enrolled 09/04/14 - Enrolled pdf September 04, 2014
- Amended 08/27/14 - Amended Senate pdf August 27, 2014
- Amended 08/18/14 - Amended Assembly pdf August 18, 2014
- Amended 08/07/14 - Amended Assembly pdf August 07, 2014
- Amended 07/03/14 - Amended Assembly pdf July 03, 2014
- Amended 04/02/14 - Amended Assembly pdf April 02, 2014
- Amended 03/05/14 - Amended Assembly pdf March 05, 2014
- Introduced 01/29/14 - Introduced pdf January 29, 2014
- AB1560 View text html
Action History
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Chaptered by Secretary of State - Chapter 378, Statutes of 2014.
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Approved by the Governor.
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Enrolled and presented to the Governor at 4 p.m.
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Urgency clause adopted. Senate amendments concurred in. To Engrossing and Enrolling. (Ayes 73. Noes 2. Page 6734.).
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Assembly Rule 63 suspended. (Page 6734.)
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Assembly Rule 77 suspended. (Page 6734.)
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In Assembly. Concurrence in Senate amendments pending. May be considered on or after August 31 pursuant to Assembly Rule 77.
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Read third time. Urgency clause adopted. Passed. Ordered to the Assembly. (Ayes 33. Noes 0. Page 4989.).
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Ordered to third reading.
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From committee: Do pass. (Ayes 6. Noes 0.) (August 29).
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From committee: Do pass and re-refer to Com. on APPR. (Ayes 5. Noes 0.) (August 29). Re-referred to Com. on APPR.
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Re-referred to Com. on GOV. & F.
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Joint Rule 62(a), file notice suspended. (Page 4952.)
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Joint Rule 61 suspended. (Page 4952.)
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Pursuant to Joint Rule 33.1,
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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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Senate Rule 29.3(b) suspended. (Page 4905.)
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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. Ordered to the Senate. (Ayes 74. Noes 2. Page 6193.)
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Assembly Rule 63 suspended. (Page 6193.)
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Read second time. Ordered to third reading.
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Read second time and amended. Ordered to second reading.
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From committee: Do pass as amended. (Ayes 17. Noes 0.) (August 14).
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Joint Rule 62(a), file notice suspended. (Page 5998.)
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In committee: Set, first hearing. Referred to APPR. suspense file.
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Joint Rule 62(a), file notice suspended. (Page 5962.)
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From committee: Do pass and re-refer to Com. on APPR. (Ayes 7. Noes 0.) (August 11). Re-referred to Com. on APPR.
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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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Joint Rule 62(a), file notice suspended. (Page 5915.)
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Re-referred to Com. on REV. & TAX. pursuant to Assembly Rule 96.
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Re-referred to Com. on HEALTH.
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From committee chair, with author's amendments: Amend, and re-refer to Com. on HEALTH. Read second time and amended.
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In committee: Set, second hearing. Hearing canceled at the request of author.
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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 HEALTH.
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From committee chair, with author's amendments: Amend, and re-refer to Com. on HEALTH. Read second time and amended.
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Re-referred to Com. on HEALTH.
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From committee chair, with author's amendments: Amend, and re-refer to Com. on HEALTH. Read second time and amended.
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Referred to Com. on HEALTH.
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From printer. May be heard in committee March 1.
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Read first time. To print.
Sponsors
- Salas · Cosponsor
- Campos · Cosponsor
- Gorell · Cosponsor
- Harkey · Cosponsor
- Linder · Cosponsor
- Al Muratsuchi · Cosponsor
- Sharon Quirk-Silva · Primary
- Wilk · Cosponsor
Sponsorship breakdown
Export CSV (upgrade) →1 sponsors · 7 co-sponsors · 114 not signed on · 1 voted No
Sponsors (1)
- Quirk-Silva, Sharon Democratic
Co-sponsors (7)
- Salas
- Campos
- Gorell
- Harkey
- Linder
- Muratsuchi, Al Democratic
- Wilk
Not signed on (114)
114 members have not signed on to this bill.
Show all 114 →"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 | 32 | 0 | 0 | 5 |
| Democratic | 1 | 0 | 0 | 2 |
| Total | 33 | 0 | 0 | 7 |
| % of votes cast | 83% | 0% | 0% | 18% |
How each member voted (40)
| Member | Party | Vote |
|---|---|---|
| Anderson | — | Yea |
| Block | — | Yea |
| Hill | — | Yea |
| Lara | — | Not Voting |
| Liu | — | Yea |
| Morrell | — | Yea |
| Pavley | — | Yea |
| Walters | — | Yea |
| Wolk | — | Yea |
| Wright | — | Not Voting |
| Corbett | — | Yea |
| Evans | — | Yea |
| Fuller | — | Yea |
| Galgiani | — | Yea |
| Cannella | — | Yea |
| Hancock | — | Yea |
| Hernandez | — | Yea |
| Hueso | — | Yea |
| Huff | — | Yea |
| Leno | — | Yea |
| Mitchell | — | Yea |
| De León | — | Yea |
| Lieu | — | Yea |
| Beall | — | Yea |
| Correa | — | Yea |
| Steinberg | — | Yea |
| Torres | — | Yea |
| Wyland | — | Yea |
| Knight | — | Yea |
| Monning | — | Not Voting |
| Nielsen | — | Not Voting |
| Roth | — | Yea |
| Vidak | — | Yea |
| DeSaulnier | — | Yea |
| Yee | — | Not Voting |
| Beth Gaines | — | Yea |
| Bill Berryhill | — | Yea |
| Calderon, Lisa | Democratic | Not Voting |
| Jackson, Corey A. | Democratic | Not Voting |
| Padilla, Stephen C. | Democratic | Yea |
| Party | Yea | Nay | Present | Not Voting |
|---|---|---|---|---|
| Unaffiliated | 66 | 2 | 0 | 4 |
| Democratic | 4 | 0 | 0 | 0 |
| Republican | 3 | 0 | 0 | 0 |
| Total | 73 | 2 | 0 | 4 |
| % of votes cast | 92% | 3% | 0% | 5% |
How each member voted (79)
| Member | Party | Vote |
|---|---|---|
| Achadjian | — | Yea |
| Alejo | — | Yea |
| Bigelow | — | Yea |
| Bloom | — | Yea |
| Bradford | — | Yea |
| Brown | — | Yea |
| Buchanan | — | Yea |
| Harkey | — | Yea |
| Jones-Sawyer | — | Yea |
| Linder | — | Yea |
| Maienschein | — | Yea |
| Mansoor | — | Not Voting |
| Rendon | — | Yea |
| Ridley-Thomas | — | Yea |
| Rodriguez | — | Yea |
| Waldron | — | Yea |
| Conway | — | Yea |
| Frazier | — | Yea |
| Gomez | — | Yea |
| Gorell | — | Yea |
| Allen | — | Yea |
| Lowenthal | — | Yea |
| Hagman | — | Yea |
| Hall | — | Yea |
| Garcia | — | Yea |
| Gray | — | Yea |
| Atkins | — | Yea |
| Holden | — | Yea |
| Fong | — | Yea |
| Bonilla | — | Yea |
| Levine | — | Yea |
| Ammiano | — | Yea |
| Dababneh | — | Yea |
| Daly | — | Yea |
| Eggman | — | Yea |
| Logue | — | Yea |
| Medina | — | Yea |
| Melendez | — | Yea |
| Nazarian | — | Yea |
| Olsen | — | Yea |
| Pan | — | Yea |
| Quirk | — | Yea |
| Skinner | — | Yea |
| Weber | — | Yea |
| Wilk | — | Yea |
| Gatto | — | Nay |
| Bocanegra | — | Yea |
| John A. Pérez | — | Yea |
| Salas | — | Yea |
| Campos | — | Yea |
| Chau | — | Yea |
| Chesbro | — | Not Voting |
| Chávez | — | Yea |
| Cooley | — | Yea |
| Donnelly | — | Yea |
| Mullin | — | Yea |
| Nestande | — | Yea |
| Perea | — | Yea |
| Ting | — | Yea |
| Wagner | — | Yea |
| Wieckowski | — | Yea |
| Williams | — | Yea |
| Dickinson | — | Yea |
| Fox | — | Yea |
| Yamada | — | Not Voting |
| Gordon | — | Yea |
| Beth Gaines | — | Yea |
| Jim Patterson | — | Not Voting |
| Lorena Gonzalez | — | Yea |
| Mark Stone | — | Nay |
| Roger Hernández | — | Yea |
| V. Manuel Pérez | — | Yea |
| Bonta, Mia | Democratic | Yea |
| Calderon, Lisa | Democratic | Yea |
| Muratsuchi, Al | Democratic | Yea |
| Quirk-Silva, Sharon | Democratic | Yea |
| Dahle, Megan | Republican | Yea |
| Grove, Shannon | Republican | Yea |
| Jones, Brian W. | Republican | Yea |
| Party | Yea | Nay | Present | Not Voting |
|---|---|---|---|---|
| Unaffiliated | 5 | 0 | 0 | 2 |
| Total | 5 | 0 | 0 | 2 |
| % of votes cast | 71% | 0% | 0% | 29% |
How each member voted (7)
| Member | Party | Vote |
|---|---|---|
| Knight | — | Not Voting |
| Walters | — | Yea |
| Hernandez | — | Yea |
| Beall | — | Yea |
| DeSaulnier | — | Not Voting |
| Liu | — | Yea |
| Wolk | — | Yea |
| Party | Yea | Nay | Present | Not Voting |
|---|---|---|---|---|
| Democratic | 1 | 0 | 0 | 0 |
| Unaffiliated | 5 | 0 | 0 | 1 |
| Total | 6 | 0 | 0 | 1 |
| % of votes cast | 86% | 0% | 0% | 14% |
How each member voted (7)
| Member | Party | Vote |
|---|---|---|
| Steinberg | — | Yea |
| Walters | — | Yea |
| De León | — | Yea |
| Hill | — | Yea |
| Lara | — | Not Voting |
| Beth Gaines | — | Yea |
| Padilla, Stephen C. | Democratic | Yea |
| Party | Yea | Nay | Present | Not Voting |
|---|---|---|---|---|
| Unaffiliated | 67 | 2 | 0 | 3 |
| Democratic | 4 | 0 | 0 | 0 |
| Republican | 3 | 0 | 0 | 0 |
| Total | 74 | 2 | 0 | 3 |
| % of votes cast | 94% | 3% | 0% | 4% |
How each member voted (79)
| Member | Party | Vote |
|---|---|---|
| Achadjian | — | Yea |
| Alejo | — | Yea |
| Bigelow | — | Yea |
| Bradford | — | Yea |
| Brown | — | Yea |
| Buchanan | — | Yea |
| Levine | — | Yea |
| Linder | — | Yea |
| Logue | — | Yea |
| Mansoor | — | Yea |
| Melendez | — | Yea |
| Olsen | — | Yea |
| Quirk | — | Yea |
| Waldron | — | Yea |
| Weber | — | Yea |
| Williams | — | Yea |
| Gorell | — | Yea |
| Hagman | — | Yea |
| Allen | — | Yea |
| Lowenthal | — | Yea |
| Holden | — | Yea |
| Garcia | — | Yea |
| Gray | — | Yea |
| Atkins | — | Yea |
| Dababneh | — | Yea |
| Nazarian | — | Yea |
| Ridley-Thomas | — | Yea |
| Rodriguez | — | Yea |
| Skinner | — | Yea |
| Fong | — | Yea |
| Campos | — | Yea |
| Chau | — | Yea |
| Bonilla | — | Yea |
| Frazier | — | Yea |
| Gatto | — | Nay |
| Gordon | — | Yea |
| Bocanegra | — | Yea |
| Harkey | — | Yea |
| Jones-Sawyer | — | Yea |
| John A. Pérez | — | Yea |
| Maienschein | — | Yea |
| Salas | — | Yea |
| Medina | — | Yea |
| Chesbro | — | Not Voting |
| Mullin | — | Yea |
| Nestande | — | Yea |
| Pan | — | Yea |
| Perea | — | Yea |
| Ammiano | — | Yea |
| Bloom | — | Yea |
| Chávez | — | Yea |
| Conway | — | Yea |
| Cooley | — | Yea |
| Dickinson | — | Yea |
| Donnelly | — | Yea |
| Eggman | — | Yea |
| Rendon | — | Yea |
| Ting | — | Yea |
| Wagner | — | Yea |
| Wieckowski | — | Yea |
| Wilk | — | Yea |
| Daly | — | Yea |
| Fox | — | Yea |
| Yamada | — | Not Voting |
| Gomez | — | Not Voting |
| Hall | — | Yea |
| Beth Gaines | — | Yea |
| Jim Patterson | — | Yea |
| Lorena Gonzalez | — | Yea |
| Mark Stone | — | Nay |
| Roger Hernández | — | Yea |
| V. Manuel Pérez | — | Yea |
| Bonta, Mia | Democratic | Yea |
| Calderon, Lisa | Democratic | Yea |
| Muratsuchi, Al | Democratic | Yea |
| Quirk-Silva, Sharon | Democratic | Yea |
| Dahle, Megan | Republican | Yea |
| Grove, Shannon | Republican | Yea |
| Jones, Brian W. | Republican | Yea |
| Party | Yea | Nay | Present | Not Voting |
|---|---|---|---|---|
| Unaffiliated | 15 | 0 | 0 | 0 |
| Republican | 1 | 0 | 0 | 0 |
| Democratic | 1 | 0 | 0 | 0 |
| Total | 17 | 0 | 0 | 0 |
| % of votes cast | 100% | 0% | 0% | 0% |
How each member voted (17)
| Member | Party | Vote |
|---|---|---|
| Bradford | — | Yea |
| Pan | — | Yea |
| Ridley-Thomas | — | Yea |
| Wagner | — | Yea |
| Bocanegra | — | Yea |
| Gatto | — | Yea |
| Campos | — | Yea |
| Holden | — | Yea |
| Linder | — | Yea |
| Quirk | — | Yea |
| Bigelow | — | Yea |
| Donnelly | — | Yea |
| Weber | — | Yea |
| Eggman | — | Yea |
| Gomez | — | Yea |
| Calderon, Lisa | Democratic | Yea |
| Jones, Brian W. | Republican | Yea |
| Party | Yea | Nay | Present | Not Voting |
|---|---|---|---|---|
| Unaffiliated | 7 | 0 | 0 | 2 |
| Total | 7 | 0 | 0 | 2 |
| % of votes cast | 78% | 0% | 0% | 22% |
How each member voted (9)
| Member | Party | Vote |
|---|---|---|
| Nestande | — | Yea |
| Bocanegra | — | Yea |
| Harkey | — | Yea |
| Mullin | — | Yea |
| Pan | — | Yea |
| Ting | — | Not Voting |
| Gordon | — | Yea |
| Beth Gaines | — | Yea |
| V. Manuel Pérez | — | Not Voting |
Subjects
Frequently asked questions
- What does AB 1560 do?
- Existing law allows a credit against the taxes imposed under the Corporation Tax Law and the Personal Income Tax Law for each taxable year beginning on or after January 1, 2014, and before January 1, 2025, in an amount as provided in a written agreement between the Governor's Office of Business and Economic Development and the taxpayer, agreed upon by the California Competes Tax Credit Committee, and based on specified factors, including the number of jobs the taxpayer will create or retain in the state and the amount of investment in the state by the taxpayer. Existing law limits the aggregate amount of credits allocated to taxpayers to a specified sum per fiscal year. This bill would authorize the Director of Finance to increase the aggregate amount of the economic development credits that may be allocated to taxpayers each fiscal year by $25 million per fiscal year through the 2017–18 fiscal year. This bill would declare that it is to take effect immediately as an urgency statute.
- Who sponsors AB 1560?
- AB 1560 is sponsored by Salas, Campos, Gorell, Harkey, Linder, Muratsuchi, Al (Democratic), Quirk-Silva, Sharon (Democratic), and Wilk.
- What is the current status of AB 1560?
- This bill has been enacted into law. Introduced January 29, 2014. Enacted.
- Where can I track AB 1560?
- Track AB 1560 free on One Click Politics — get push/email alerts when it moves.
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