AB 2041 — Income taxes: credits: qualified employees.
Last action — In committee: Set, second hearing. Hearing canceled at the request of author.
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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This bill is no longer active — its legislative session has ended, so there is no live prognosis.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 Corporation Tax Law allow various credits against the taxes imposed by that law, including hiring credits within the specified economic development areas. Existing law requires a bill authorizing a new tax expenditure to contain, among other things, specific goals, purposes, and objectives the tax expenditure will achieve, detailed performance indicators, and data collection requirements. This bill would, under both laws for taxable years beginning on or after January 1, 2021, and before January 1, 2023, allow a credit against those taxes in an amount equal to 50% of wages paid, not to exceed $15,000 per taxable year, by a qualified taxpayer, as defined, to qualified full-time employees, defined to mean that the person is between 18 and 25 years of age at the time of hiring and is either a former foster youth or is an ex-offender previously convicted of a felony. The bill would also provide that the credit amount is $0 for each taxable year beginning on or after January 1, 2021, and before January 1, 2023, unless otherwise specified in a bill providing for appropriations related to the Budget Act. The bill would provide findings and declarations relating to the goals, purposes, and objectives of this credit. This bill would take effect immediately as a tax levy.
Bill Text
- Amended 03/09/20 - Amended Assembly Current pdf March 09, 2020
- Introduced 02/03/20 - Introduced pdf February 03, 2020
- AB2041 View text html
Action History
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In committee: Set, second hearing. Hearing canceled at the request of author.
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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: Set, first hearing. Hearing canceled at the request of author.
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Referred to Com. on REV. & TAX.
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From printer. May be heard in committee March 5.
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Read first time. To print.
Sponsors
- Megan Dahle · Primary
Sponsorship breakdown
Export CSV (upgrade) →1 sponsors · 0 co-sponsors · 121 not signed on
Sponsors (1)
- Dahle, Megan Republican
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.
Subjects
Frequently asked questions
- What does AB 2041 do?
- The Personal Income Tax Law and Corporation Tax Law allow various credits against the taxes imposed by that law, including hiring credits within the specified economic development areas. Existing law requires a bill authorizing a new tax expenditure to contain, among other things, specific goals, purposes, and objectives the tax expenditure will achieve, detailed performance indicators, and data collection requirements. This bill would, under both laws for taxable years beginning on or after January 1, 2021, and before January 1, 2023, allow a credit against those taxes in an amount equal to 50% of wages paid, not to exceed $15,000 per taxable year, by a qualified taxpayer, as defined, to qualified full-time employees, defined to mean that the person is between 18 and 25 years of age at the time of hiring and is either a former foster youth or is an ex-offender previously convicted of a felony. The bill would also provide that the credit amount is $0 for each taxable year beginning on or after January 1, 2021, and before January 1, 2023, unless otherwise specified in a bill providing for appropriations related to the Budget Act. The bill would provide findings and declarations relating to the goals, purposes, and objectives of this credit. This bill would take effect immediately as a tax levy.
- Who sponsors AB 2041?
- AB 2041 is sponsored by Dahle, Megan (Republican).
- What is the current status of AB 2041?
- 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 2041?
- Track AB 2041 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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