California 2017-2018 Regular Session Status: In Committee 3 R cosponsors

AB 53 — Personal income taxes: deduction: homeownership savings accounts.

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 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This bill is no longer active — its legislative session has ended, so there is no live prognosis.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 modified conformity with federal income tax laws, allows various exclusions from gross income, and allows various deductions in computing the income that is subject to the taxes imposed by that law, including miscellaneous itemized deductions that are allowed only to the extent that the aggregate amount of those deductions exceeds 2% of adjusted gross income. This bill, upon appropriation of specified funds by the Legislature, for taxable years beginning on and after January 1, 2017, and before January 1, 2019, would allow a deduction, not to exceed specified amounts, of the amount a qualified taxpayer, as defined, contributed in any taxable year to a homeownership savings account and would exclude from gross income any income earned on the moneys contributed to a homeownership savings account. The bill would provide that a qualified taxpayer may withdraw amounts from a homeownership savings account to pay for qualified homeownership savings expenses, defined as expenses paid or incurred in connection with the purchase of a principal residence in this state. The bill would provide that any amount withdrawn from that account that is not used for these expenses would be included as income for that taxpayer. The bill would define various terms for its purposes. This bill would take effect immediately as a tax levy.

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. Joint Rule 62(a), file notice suspended.

  5. In committee: Set, first hearing. Referred to APPR. suspense file.

  6. Re-referred to Com. on APPR.

  7. Read second time and amended.

  8. From committee: Amend, and do pass as amended and re-refer to Com. on APPR. (Ayes 8. Noes 1.) (May 8).

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

  10. Read second time and amended.

  11. From committee: Amend, and do pass as amended and re-refer to Com. on REV. & TAX. (Ayes 7. Noes 0.) (April 5).

  12. Coauthors revised.

  13. Referred to Coms. on H. & C.D. and REV. & TAX.

  14. From printer. May be heard in committee January 5.

  15. Read first time. To print.

Sponsors

  • Anderson · Cosponsor
  • Baker · Cosponsor
  • Bigelow · Cosponsor
  • Brough · Cosponsor
  • Chávez · Cosponsor
  • Cunningham · Cosponsor
  • James Gallagher · Cosponsor
  • Harper · Cosponsor
  • Tom Lackey · Cosponsor
  • Mathis · Cosponsor
  • Mullin · Cosponsor
  • Morrell · Cosponsor
  • Nielsen · Cosponsor
  • Steinorth · Primary
  • Voepel · Cosponsor
  • Waldron · Cosponsor
  • Joe Patterson · Cosponsor
  • Bill Berryhill · Cosponsor

Sponsorship breakdown

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1 sponsors · 17 co-sponsors · 104 not signed on

Sponsors (1)

  • Steinorth

Co-sponsors (17)

Not signed on (104)

104 members have not signed on to this bill.

Show all 104 →

"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

Votes

Do pass as amended and be re-referred to the Committee on [Appropriations]

Passed 8 Yea · 1 Nay · 1 Other
Party YeaNayPresentNot Voting
Unaffiliated 7100
Democratic 0001
Republican 1000
Total 8101
% of votes cast 80%10%0%10%
How each member voted (10)
Member Party Vote
Brough — Yea
Mullin — Yea
Ridley-Thomas — Yea
Burke — Yea
Quirk — Nay
Bocanegra — Yea
Dababneh — Yea
Travis Allen — Yea
Gipson, Mike A. Democratic Not Voting
Chen, Phillip Republican Yea

Official roll call →

Subjects

taxation housing
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 AB 53 do?
The Personal Income Tax Law, in modified conformity with federal income tax laws, allows various exclusions from gross income, and allows various deductions in computing the income that is subject to the taxes imposed by that law, including miscellaneous itemized deductions that are allowed only to the extent that the aggregate amount of those deductions exceeds 2% of adjusted gross income. This bill, upon appropriation of specified funds by the Legislature, for taxable years beginning on and after January 1, 2017, and before January 1, 2019, would allow a deduction, not to exceed specified amounts, of the amount a qualified taxpayer, as defined, contributed in any taxable year to a homeownership savings account and would exclude from gross income any income earned on the moneys contributed to a homeownership savings account. The bill would provide that a qualified taxpayer may withdraw amounts from a homeownership savings account to pay for qualified homeownership savings expenses, defined as expenses paid or incurred in connection with the purchase of a principal residence in this state. The bill would provide that any amount withdrawn from that account that is not used for these expenses would be included as income for that taxpayer. The bill would define various terms for its purposes. This bill would take effect immediately as a tax levy.
Who sponsors AB 53?
AB 53 is sponsored by Anderson, Baker, Bigelow, Brough, Chávez, Cunningham, Gallagher, James (Republican), Harper, Lackey, Tom (Republican), Mathis, Mullin, Morrell, Nielsen, Steinorth, Voepel, Waldron, Patterson, Joe (Republican), and Bill Berryhill.
What is the current status of AB 53?
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 53?
Track AB 53 free on One Click Politics — get push/email alerts when it moves.

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