California 2019-2020 Regular Session Status: In Committee 1 R cosponsors

AB 3065 — Income taxes: credits: qualified first-year wages: homeless youth: foster or former foster youth.

Last action — Referred to Com. on REV. & TAX.

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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 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This bill is no longer active — its legislative session has ended, so there is no live prognosis.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. Existing law requires any bill authorizing a new tax credit to contain, among other things, specific goals, purposes, and objectives 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, 2021, and before January 1, 2026, in an amount that is equal to either 40% or 25% of the amount paid or incurred by a qualified taxpayer during the taxable year for qualified first-year wages of qualified employees, depending on the amount of hours worked by the qualified employee during the first year of employment, not to exceed $2,400 per qualified employee. The bill would define "qualified employee" to mean an employee who is hired on or after January 1, 2021, and who is a homeless youth, foster youth, or former foster youth, as those terms are defined. The bill would also include additional information required for any bill authorizing a new income tax credit. This bill would take effect immediately as a tax levy.

Bill Text

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Action History

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

  2. Read first time.

  3. From printer. May be heard in committee March 23.

  4. Introduced. To print.

Sponsors

Sponsorship breakdown

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

Sponsors (1)

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 3065 do?
The Personal Income Tax Law and Corporation Tax Law allow various credits against the taxes imposed by that law. Existing law requires any bill authorizing a new tax credit to contain, among other things, specific goals, purposes, and objectives 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, 2021, and before January 1, 2026, in an amount that is equal to either 40% or 25% of the amount paid or incurred by a qualified taxpayer during the taxable year for qualified first-year wages of qualified employees, depending on the amount of hours worked by the qualified employee during the first year of employment, not to exceed $2,400 per qualified employee. The bill would define "qualified employee" to mean an employee who is hired on or after January 1, 2021, and who is a homeless youth, foster youth, or former foster youth, as those terms are defined. The bill would also include additional information required for any bill authorizing a new income tax credit. This bill would take effect immediately as a tax levy.
Who sponsors AB 3065?
AB 3065 is sponsored by Lackey, Tom (Republican).
What is the current status of AB 3065?
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 3065?
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