AB 14 — Corporate reorganization: built-in losses.
Last action — Died at Desk.
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1Introduced
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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 2009-2010, 1st Special Session. It reached “Introduced” 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This bill is no longer active — its legislative session has ended, so there is no live prognosis.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 Corporation Tax Law, in specified conformity to federal income tax laws, imposes certain limitations on the use of built-in losses in conjunction with corporate reorganizations. This bill would clarify that a specified federal administrative notice relating to those limitations does not apply for purposes of California law.
Bill Text
What changed in the latest version
1 added · 1 removed1 line(s) added, 1 removed.
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View plain text versions (2)
- Introduced 12/09/08 - Introduced Current pdf December 09, 2008
- AB14 View text html
Action History
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Died at Desk.
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From printer.
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Introduced. To print.
Sponsors
- Lieu · Cosponsor
- Hill · Cosponsor
- Evans · Cosponsor
- Eng · Cosponsor
- Carter · Cosponsor
- Beall · Cosponsor
- De Leon · Primary
Sponsorship breakdown
Export CSV (upgrade) →1 sponsors · 6 co-sponsors · 115 not signed on
Sponsors (1)
- De Leon
Co-sponsors (6)
- Lieu
- Hill
- Evans
- Eng
- Carter
- Beall
Not signed on (115)
115 members have not signed on to this bill.
Show all 115 →"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 14 do?
- The Corporation Tax Law, in specified conformity to federal income tax laws, imposes certain limitations on the use of built-in losses in conjunction with corporate reorganizations. This bill would clarify that a specified federal administrative notice relating to those limitations does not apply for purposes of California law.
- Who sponsors AB 14?
- AB 14 is sponsored by Lieu, Hill, Evans, Eng, Carter, Beall, and De Leon.
- What is the current status of AB 14?
- This bill died with 2009-2010, 1st Special Session. It reached “Introduced” 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 14?
- Track AB 14 free on One Click Politics — get push/email alerts when it moves.
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Last checked for changes 3 months ago · updated continuously
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