California 2017-2018 Regular Session Status: Introduced

ACA 22 — A resolution to propose to the people of the State of California an amendment to the Constitution of the State, by adding Section 15 to Article XIIIB thereof, and by adding Article XXXIVA thereto, relating to fiscal relief.

Last action — From printer. May be heard in committee February 18.

  1. 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 2017-2018 Regular Session. It reached “Introduced” 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This bill is no longer active — its legislative session has ended, so there is no live prognosis.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

Existing law imposes various taxes upon, or measured by, taxable income or net income, where applicable. This measure, for taxable years beginning on or after January 1, 2018, would impose a surcharge of 10% on the net income of all corporations that is over $1,000,000. The measure would authorize the Legislature to increase or decrease the surcharge by a 23 vote of each house, as provided. The measure would require the deposit of those revenues, less refunds, into the Middle Class Fiscal Relief Fund, which would be created by the measure. Revenues in the fund would be allocated, upon appropriation by the Legislature, for specified purposes, including providing fiscal benefits to lower and middle-income Californians. The California Constitution prohibits the total annual appropriations subject to limitation of the state and each local government from exceeding the appropriations limit of the entity of government for the prior year, as adjusted. This measure would exclude appropriations of revenues derived from the Middle Class Fiscal Relief Act from the appropriations subject to constitutional limitation.

Bill Text

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1 line(s) added, 1 removed.

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Action History

  1. From printer. May be heard in committee February 18.

  2. Read first time. To print.

Sponsors

  • McCarty · Primary
  • Ting · Cosponsor

Sponsorship breakdown

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1 sponsors · 1 co-sponsors · 120 not signed on

Sponsors (1)

  • McCarty

Co-sponsors (1)

  • Ting

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.

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 finance
Cross-referencing the record. Reading this bill against every other bill in the corpus by meaning, not keywords. Only the first open is slow. It’s instant for you after this. Matching · Ranking · Engrossing

Frequently asked questions

What does ACA 22 do?
Existing law imposes various taxes upon, or measured by, taxable income or net income, where applicable. This measure, for taxable years beginning on or after January 1, 2018, would impose a surcharge of 10% on the net income of all corporations that is over $1,000,000. The measure would authorize the Legislature to increase or decrease the surcharge by a 23 vote of each house, as provided. The measure would require the deposit of those revenues, less refunds, into the Middle Class Fiscal Relief Fund, which would be created by the measure. Revenues in the fund would be allocated, upon appropriation by the Legislature, for specified purposes, including providing fiscal benefits to lower and middle-income Californians. The California Constitution prohibits the total annual appropriations subject to limitation of the state and each local government from exceeding the appropriations limit of the entity of government for the prior year, as adjusted. This measure would exclude appropriations of revenues derived from the Middle Class Fiscal Relief Act from the appropriations subject to constitutional limitation.
Who sponsors ACA 22?
ACA 22 is sponsored by McCarty and Ting.
What is the current status of ACA 22?
This bill died with 2017-2018 Regular Session. It reached “Introduced” 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 ACA 22?
Track ACA 22 free on One Click Politics — get push/email alerts when it moves.

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