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California 2019-2020 Regular Session Status: In Committee

SB 635 — Taxation: gross income exclusions: opportunity zones.

Last action February 03, 2020 — Returned to Secretary of Senate pursuant to Joint Rule 56.

✓
Introduced
2
In Committee
3
Passed Senate
4
Passed Assembly
5
To Executive
6
Enacted

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This bill is no longer active — its legislative session has ended, so there is no live prognosis.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 impose taxes upon taxable income, as specified. Additionally, various provisions of the Personal Income Tax Law and the Corporation Tax law conform, or conform as modified, to provisions of the Internal Revenue Code. This bill would conform the Personal Income Tax Law and the Corporation Tax Law to provisions of the Internal Revenue Code that allow for specified tax treatment for income derived from activities within a qualified opportunity zone, including the deferral of recognition of a capital gain, and would provide that the provisions are limited to designated opportunity zones located in the state. This bill would take effect immediately as a tax levy.

Bill Text

Amended 03/27/19 - Amended Senate Current pdf March 27, 2019
Introduced 02/22/19 - Introduced pdf February 22, 2019
SB635 View text html

Action History

February 03, 2020
Returned to Secretary of Senate pursuant to Joint Rule 56.
May 16, 2019
May 16 hearing: Held in committee and under submission.
May 14, 2019
Set for hearing May 16.
May 13, 2019
May 13 hearing: Placed on APPR. suspense file.
May 03, 2019
Set for hearing May 13.
May 01, 2019
From committee: Do pass and re-refer to Com. on APPR. (Ayes 4. Noes 0. Page 904.) (May 1). Re-referred to Com. on APPR.
April 04, 2019
Set for hearing May 1.
April 03, 2019
Re-referred to Com. on GOV. & F.
March 27, 2019
From committee with author's amendments. Read second time and amended. Re-referred to Com. on RLS.
March 14, 2019
Referred to Com. on RLS.
February 25, 2019
Read first time.
February 25, 2019
From printer. May be acted upon on or after March 27.
February 22, 2019
Introduced. To Com. on RLS. for assignment. To print.

Sponsorship breakdown

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

Sponsors (1)

Hueso

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.

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

Placed on suspense file

May 13, 2019

Passed 6 Yea · 0 Nay

Party	Yea	Nay	Present	Not Voting
Republican	1	0	0	0
Unaffiliated	5	0	0	0
Total	6	0	0	0
% of votes cast	100%	0%	0%	0%

How each member voted (6)

Member	Party	Vote
Wieckowski	—	Yea
Portantino	—	Yea
Bates	—	Yea
Hill	—	Yea
Bradford	—	Yea
Jones, Brian W.	Republican	Yea

Official roll call →

Do pass, but first be re-referred to the Committee on [Appropriations]

May 01, 2019

Passed 4 Yea · 0 Nay · 3 Other

Party	Yea	Nay	Present	Not Voting
Unaffiliated	2	0	0	2
Democratic	2	0	0	1
Total	4	0	0	3
% of votes cast	57%	0%	0%	43%

How each member voted (7)

Member	Party	Vote
Beall	—	Yea
Moorlach	—	Yea
Hertzberg	—	Not Voting
Nielsen	—	Not Voting
Hurtado, Melissa	Democratic	Yea
McGuire, Mike	Democratic	Not Voting
Wiener, Scott D.	Democratic	Yea

Official roll call →

Subjects

taxation

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 SB 635 do?: The Personal Income Tax Law and the Corporation Tax Law impose taxes upon taxable income, as specified. Additionally, various provisions of the Personal Income Tax Law and the Corporation Tax law conform, or conform as modified, to provisions of the Internal Revenue Code. This bill would conform the Personal Income Tax Law and the Corporation Tax Law to provisions of the Internal Revenue Code that allow for specified tax treatment for income derived from activities within a qualified opportunity zone, including the deferral of recognition of a capital gain, and would provide that the provisions are limited to designated opportunity zones located in the state. This bill would take effect immediately as a tax levy.
Who sponsors SB 635?: SB 635 is sponsored by Hueso.
What is the current status of SB 635?: 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 SB 635?: Track SB 635 free on One Click Politics — get push/email alerts when it moves.

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At a glance

Identifier: SB 635
Jurisdiction: California
Session: 2019-2020 Regular Session
Type: Bill
Introduced: February 22, 2019
Status: In Committee
Prime sponsor: Hueso

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Last checked for changes 2 months ago · updated continuously

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