California 2013-2014 Regular Session Status: In Committee 1 R cosponsors

AB 2429 — State Board of Equalization: administration: interest.

Last action — From committee without further action.

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  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 2013-2014 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This bill is no longer active — its legislative session has ended, so there is no live prognosis.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 Sales and Use Tax Law, and other laws administered by the State Board of Equalization, by reference to that law, including the Bradley-Burns Uniform Local Sales and Use Tax law and local taxes collected pursuant to the procedures of the Transactions and Use Tax Law, provide that interest is paid by taxpayers and feepayers with respect to underpayments of various taxes, surcharges, and fees at a modified adjusted rate per annum, as defined by reference to a specified federal statute, and that interest is paid to taxpayers and feepayers with respect to overpayments of various taxes, surcharges, and fees as determined in accordance with a specified federal statute, which requires that the rate paid on overpayments be based on the rate of 13-week treasury bills, as specified. This bill would revise the definition of "modified adjusted rate per annum," to require that interest on overpayments be determined in the same manner as interest on underpayments is now determined.

Bill Text

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1 added · 1 removed

1 line(s) added, 1 removed.

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Action History

  1. From committee without further action.

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

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

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

  5. Read first time.

  6. From printer. May be heard in committee March 25.

  7. Introduced. To print.

Sponsors

Sponsorship breakdown

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

Sponsors (1)

Co-sponsors (0)

None.

Not signed on (121)

121 members have not signed on to this bill.

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"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 2429 do?
The Sales and Use Tax Law, and other laws administered by the State Board of Equalization, by reference to that law, including the Bradley-Burns Uniform Local Sales and Use Tax law and local taxes collected pursuant to the procedures of the Transactions and Use Tax Law, provide that interest is paid by taxpayers and feepayers with respect to underpayments of various taxes, surcharges, and fees at a modified adjusted rate per annum, as defined by reference to a specified federal statute, and that interest is paid to taxpayers and feepayers with respect to overpayments of various taxes, surcharges, and fees as determined in accordance with a specified federal statute, which requires that the rate paid on overpayments be based on the rate of 13-week treasury bills, as specified. This bill would revise the definition of "modified adjusted rate per annum," to require that interest on overpayments be determined in the same manner as interest on underpayments is now determined.
Who sponsors AB 2429?
AB 2429 is sponsored by Patterson, Joe (Republican).
What is the current status of AB 2429?
This bill died with 2013-2014 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 2429?
Track AB 2429 free on One Click Politics — get push/email alerts when it moves.

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