California 2013-2014 Regular Session Status: In Committee 2 D cosponsors

AB 653 — Economic development.

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 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This bill is no longer active — its legislative session has ended, so there are no live odds of enactment. It would have to be reintroduced in the current session to move again.

Summary

(1) The Economic Revitalization Act establishes the Governor's Office of Business and Economic Development, also known as "GO-Biz," to, among other duties, serve the Governor as the lead entity for economic strategy and the marketing of California on issues relating to business development, private sector investment, and economic growth. Existing law establishes the California Economic Development Fund holding funds that, upon appropriation by the Legislature, GO-Biz may use for economic development purposes, as specified. This bill would create the California Innovation Hub Program (iHub Program) within GO-Biz to create regional offices that would provide specialized counseling, training, and networking services to assist entrepreneurs establish and grow businesses for local and in-state job retention, creation, and future expansion. This bill would authorize GO-Biz, in collaboration with the Department of General Services, to identify unoccupied and underutilized real property owned or leased by the state, and use that real property to support the iHub Program, as specified. This bill would modify the California Economic Development Fund to be a continuously appropriated fund for the economic development purposes of GO-Biz, and in doing so, would make an appropriation. (2) The Personal Income Tax Law and the Corporation Tax Law allow various credits against the taxes imposed by those laws, including a credit for certain research and development expenses, as provided. This bill would, for taxable years commencing on and after January 1, 2014, and before January 1, 2019, increase the credit for research and development expenses, as provided. (3) This bill would provide that the provisions of this bill are severable. (4) This bill would declare that it is to take effect immediately as an urgency statute.

Bill Text

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: Held under submission.

  4. In committee: Set, second hearing. Referred to APPR. suspense file.

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

  6. From committee: Do pass and re-refer to Com. on APPR. (Ayes 9. Noes 0.) (August 12). Re-referred to Com. on APPR.

  7. Re-referred to Com. on REV. & TAX.

  8. From committee chair, with author's amendments: Amend, and re-refer to Com. on REV. & TAX. Read second time and amended.

  9. In committee: Hearing postponed by committee.

  10. In committee: Referred to REV. & TAX. suspense file.

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

  12. Re-referred to Com. on REV. & TAX.

  13. From committee chair, with author's amendments: Amend, and re-refer to Com. on REV. & TAX. Read second time and amended.

  14. Re-referred to Com. on REV. & TAX.

  15. Read second time and amended.

  16. From committee: Do pass as amended and re-refer to Com. on REV. & TAX. (Ayes 9. Noes 0.) (April 23).

  17. Re-referred to Com. on J., E.D., & E.

  18. From committee chair, with author's amendments: Amend, and re-refer to Com. on J., E.D., & E. Read second time and amended.

  19. Referred to Coms. on J., E.D., & E. and REV. & TAX.

  20. From printer. May be heard in committee March 24.

  21. Read first time. To print.

Sponsors

  • Gray · Cosponsor
  • Daly · Cosponsor
  • Fox · Cosponsor
  • Lisa Calderon · Cosponsor
  • Mike Fong · Cosponsor
  • Galgiani · Cosponsor
  • Gorell · Cosponsor
  • Lieu · Cosponsor
  • Mullin · Cosponsor
  • Nestande · Cosponsor
  • Weber · Cosponsor
  • V. Manuel Pérez · Primary

Sponsorship breakdown

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1 sponsors · 11 co-sponsors · 110 not signed on

Sponsors (1)

Co-sponsors (11)

Not signed on (110)

110 members have not signed on to this bill.

Show all 110 →

"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

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Frequently asked questions

What does AB 653 do?
(1) The Economic Revitalization Act establishes the Governor's Office of Business and Economic Development, also known as "GO-Biz," to, among other duties, serve the Governor as the lead entity for economic strategy and the marketing of California on issues relating to business development, private sector investment, and economic growth. Existing law establishes the California Economic Development Fund holding funds that, upon appropriation by the Legislature, GO-Biz may use for economic development purposes, as specified. This bill would create the California Innovation Hub Program (iHub Program) within GO-Biz to create regional offices that would provide specialized counseling, training, and networking services to assist entrepreneurs establish and grow businesses for local and in-state job retention, creation, and future expansion. This bill would authorize GO-Biz, in collaboration with the Department of General Services, to identify unoccupied and underutilized real property owned or leased by the state, and use that real property to support the iHub Program, as specified. This bill would modify the California Economic Development Fund to be a continuously appropriated fund for the economic development purposes of GO-Biz, and in doing so, would make an appropriation. (2) The Personal Income Tax Law and the Corporation Tax Law allow various credits against the taxes imposed by those laws, including a credit for certain research and development expenses, as provided. This bill would, for taxable years commencing on and after January 1, 2014, and before January 1, 2019, increase the credit for research and development expenses, as provided. (3) This bill would provide that the provisions of this bill are severable. (4) This bill would declare that it is to take effect immediately as an urgency statute.
Who sponsors AB 653?
AB 653 is sponsored by Gray, Daly, Fox, Calderon, Lisa (Democratic), Fong, Mike (Democratic), Galgiani, Gorell, Lieu, Mullin, Nestande, Weber, and V. Manuel Pérez.
What is the current status of AB 653?
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 653?
Track AB 653 free on One Click Politics — get push/email alerts when it moves.

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