AB 832 — Income taxes: credits: qualified developer: affordable housing.
Last action — From committee: Filed with the Chief Clerk pursuant to Joint Rule 56.
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✓Introduced
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2In Committee
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3Passed Assembly
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4Passed Senate
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5To Executive
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6Enacted
This bill died with 2019-2020 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This bill is no longer active — its legislative session has ended, so there is no live prognosis.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 and the Corporation Tax Law allow various credits against the taxes imposed by those laws. Existing law requires any bill authorizing a new tax credit to contain, among other things, specific goals, purposes, and objectives that the tax credit will achieve, detailed performance indicators, and data collection requirements. This bill would allow a credit against those taxes for each taxable year beginning on or after January 1, 2020, and before January 1, 2025, to a taxpayer in an amount equal to 50% of the amount contributed by the taxpayer to a qualified developer for the development of a qualified project, as defined, but that does not exceed a specified amount per taxpayer per qualified project. The bill would also limit the aggregate amount of the credit, as specified. The bill would provide findings and declarations relating to the goals of this credit. This bill would take effect immediately as a tax levy.
Bill Text
- Amended 04/03/19 - Amended Assembly Current pdf April 03, 2019
- Introduced 02/20/19 - Introduced pdf February 20, 2019
- AB832 View text html
Action History
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From committee: Filed with the Chief Clerk pursuant to Joint Rule 56.
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Died pursuant to Art. IV, Sec. 10(c) of the Constitution.
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In committee: Held under submission.
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In committee: Set, first hearing. Referred to APPR. suspense file.
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From committee: Do pass and re-refer to Com. on APPR. (Ayes 7. Noes 0.) (May 1). Re-referred to Com. on APPR.
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From committee: Do pass and re-refer to Com. on H. & C.D. (Ayes 8. Noes 0.) (April 8). Re-referred to Com. on H. & C.D.
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Re-referred to Com. on REV. & TAX.
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From committee chair, with author's amendments: Amend, and re-refer to Com. on REV. & TAX. Read second time and amended.
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In committee: Hearing for testimony only.
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Referred to Coms. on REV. & TAX. and H. & C.D.
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From printer. May be heard in committee March 23.
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Read first time. To print.
Sponsors
- Mike A. Gipson · Primary
Sponsorship breakdown
Export CSV (upgrade) →1 sponsors · 0 co-sponsors · 121 not signed on
Sponsors (1)
- Gipson, Mike A. Democratic
Co-sponsors (0)
None.
Not signed on (121)
121 members have not signed on to this bill.
Show all 121 →"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.
Votes
| Party | Yea | Nay | Present | Not Voting |
|---|---|---|---|---|
| Unaffiliated | 4 | 0 | 0 | 1 |
| Democratic | 3 | 0 | 0 | 0 |
| Total | 7 | 0 | 0 | 1 |
| % of votes cast | 88% | 0% | 0% | 13% |
How each member voted (8)
| Member | Party | Vote |
|---|---|---|
| Gloria | — | Yea |
| Chiu | — | Yea |
| Maienschein | — | Yea |
| Diep | — | Yea |
| Kiley | — | Not Voting |
| Gabriel, Jesse | Democratic | Yea |
| Limón, Monique | Democratic | Yea |
| Quirk-Silva, Sharon | Democratic | Yea |
| Party | Yea | Nay | Present | Not Voting |
|---|---|---|---|---|
| Unaffiliated | 8 | 0 | 0 | 1 |
| Democratic | 1 | 0 | 0 | 1 |
| Total | 9 | 0 | 0 | 2 |
| % of votes cast | 82% | 0% | 0% | 18% |
How each member voted (11)
| Member | Party | Vote |
|---|---|---|
| Burke | — | Yea |
| Mullin | — | Yea |
| Brough | — | Yea |
| Mayes | — | Yea |
| Gray | — | Yea |
| Chu | — | Yea |
| Melendez | — | Yea |
| Quirk | — | Yea |
| Ting | — | Not Voting |
| Petrie-Norris, Cottie | Democratic | Not Voting |
| Rivas, Robert | Democratic | Yea |
Subjects
Frequently asked questions
- What does AB 832 do?
- The Personal Income Tax Law and the Corporation Tax Law allow various credits against the taxes imposed by those laws. Existing law requires any bill authorizing a new tax credit to contain, among other things, specific goals, purposes, and objectives that the tax credit will achieve, detailed performance indicators, and data collection requirements. This bill would allow a credit against those taxes for each taxable year beginning on or after January 1, 2020, and before January 1, 2025, to a taxpayer in an amount equal to 50% of the amount contributed by the taxpayer to a qualified developer for the development of a qualified project, as defined, but that does not exceed a specified amount per taxpayer per qualified project. The bill would also limit the aggregate amount of the credit, as specified. The bill would provide findings and declarations relating to the goals of this credit. This bill would take effect immediately as a tax levy.
- Who sponsors AB 832?
- AB 832 is sponsored by Gipson, Mike A. (Democratic).
- What is the current status of AB 832?
- This bill died with 2019-2020 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 832?
- Track AB 832 free on One Click Politics — get push/email alerts when it moves.
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Last checked for changes 2 months ago · updated continuously
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