California 2017-2018 Regular Session Status: In Committee

AB 1304 — Public social services: CalKIDS: personal income taxes: exclusion.

Last action — From committee: Filed with the Chief Clerk pursuant to Joint Rule 56.

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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 2017-2018 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This bill is no longer active — its legislative session has ended, so there is no live prognosis.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, in conformity with federal income tax law, generally defines "gross income" as income from whatever source derived, except as specifically excluded, and provides various exclusions from gross income. Existing law establishes certain tax-advantaged savings accounts, including the federal Stephen Beck, Jr., Achieving a Better Life Experience Act of 2014 (ABLE Act) , which encourages and assists individuals and families to save private funds in a tax-advantaged savings account for the purpose of supporting persons with disabilities to maintain their health, independence, and quality of life by excluding from gross income distributions used for qualified disability expenses by a beneficiary of a qualified ABLE program established and maintained by a state, as specified. This bill would create the CalKIDS Savings Trust Fund, administered by the State Department of Social Services, and savings accounts within that fund for each beneficiary for the purpose of encouraging and earmarking savings for the costs of child care, including, but not limited to, the costs of before and after school care. The bill, for taxable years beginning on or after January 1, 2018, would exclude from gross income the moneys deposited in a CalKIDS savings account.

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: Set, second hearing. Hearing canceled at the request of author.

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

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

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

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

  8. From printer. May be heard in committee March 21.

  9. Read first time. To print.

Sponsors

  • Melendez · Primary

Sponsorship breakdown

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

Sponsors (1)

  • Melendez

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.

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Subjects

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Frequently asked questions

What does AB 1304 do?
The Personal Income Tax Law, in conformity with federal income tax law, generally defines "gross income" as income from whatever source derived, except as specifically excluded, and provides various exclusions from gross income. Existing law establishes certain tax-advantaged savings accounts, including the federal Stephen Beck, Jr., Achieving a Better Life Experience Act of 2014 (ABLE Act) , which encourages and assists individuals and families to save private funds in a tax-advantaged savings account for the purpose of supporting persons with disabilities to maintain their health, independence, and quality of life by excluding from gross income distributions used for qualified disability expenses by a beneficiary of a qualified ABLE program established and maintained by a state, as specified. This bill would create the CalKIDS Savings Trust Fund, administered by the State Department of Social Services, and savings accounts within that fund for each beneficiary for the purpose of encouraging and earmarking savings for the costs of child care, including, but not limited to, the costs of before and after school care. The bill, for taxable years beginning on or after January 1, 2018, would exclude from gross income the moneys deposited in a CalKIDS savings account.
Who sponsors AB 1304?
AB 1304 is sponsored by Melendez.
What is the current status of AB 1304?
This bill died with 2017-2018 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 1304?
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