AB 668 — Personal income taxes: exclusion: forgiven student loan debt.
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 2021-2022 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This bill is no longer active — its legislative session has ended, so there is no live prognosis.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 provides various exclusions from gross income in determining tax liability, including an exclusion for the amount of student loan indebtedness repaid or canceled pursuant to specified federal law, relating to repayment plans. Existing federal law, the American Rescue Plan Act of 2021, excludes from gross income for purposes of federal income taxes any amount that would otherwise be includible in gross income by reason of the discharge after December 31, 2020, and before January 1, 2026, of specified student loans. This bill would apply that provision of the American Rescue Plan Act of 2021 to the Personal Income Tax Law. This bill would take effect immediately as a tax levy.
Bill Text
- Amended 03/25/21 - Amended Assembly Current pdf March 25, 2021
- Introduced 02/12/21 - Introduced pdf February 12, 2021
- AB668 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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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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Referred to Com. on REV. & TAX.
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From printer. May be heard in committee March 15.
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Read first time. To print.
Sponsors
- Cottie Petrie-Norris · Primary
Sponsorship breakdown
Export CSV (upgrade) →1 sponsors · 0 co-sponsors · 121 not signed on
Sponsors (1)
- Petrie-Norris, Cottie 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.
Subjects
Frequently asked questions
- What does AB 668 do?
- The Personal Income Tax Law provides various exclusions from gross income in determining tax liability, including an exclusion for the amount of student loan indebtedness repaid or canceled pursuant to specified federal law, relating to repayment plans. Existing federal law, the American Rescue Plan Act of 2021, excludes from gross income for purposes of federal income taxes any amount that would otherwise be includible in gross income by reason of the discharge after December 31, 2020, and before January 1, 2026, of specified student loans. This bill would apply that provision of the American Rescue Plan Act of 2021 to the Personal Income Tax Law. This bill would take effect immediately as a tax levy.
- Who sponsors AB 668?
- AB 668 is sponsored by Petrie-Norris, Cottie (Democratic).
- What is the current status of AB 668?
- This bill died with 2021-2022 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 668?
- Track AB 668 free on One Click Politics — get push/email alerts when it moves.
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