California 2015-2016 Regular Session Status: In Committee

SB 458 — Insurance taxation: credit: College Access Tax Credit Fund.

Last action — Returned to Secretary of Senate pursuant to Joint Rule 56.

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  1. ✓
    Introduced
  2. 2
    In Committee
  3. 3
    Passed Senate
  4. 4
    Passed Assembly
  5. 5
    To Executive
  6. 6
    Enacted

This bill died with 2015-2016 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This bill is no longer active — its legislative session has ended, so there is no live prognosis.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

Existing law imposes an annual tax on the gross premiums of an insurer, as defined, doing business in this state at specified rates. This bill, for taxable years beginning on or after January 1, 2015, and before January 1, 2017, would allow a credit equal to a certain percentage of a contribution to the College Access Tax Credit Fund, as provided. The bill would specify that the aggregate amount of credit that may be allocated under this provision shall not exceed an unspecified sum for each calendar year, as specified, and would require the California Educational Facilities Authority to perform certain duties with regard to allocating and certifying the tax credits allowed under this provision. This bill would take effect immediately as a tax levy.

Bill Text

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Action History

  1. Returned to Secretary of Senate pursuant to Joint Rule 56.

  2. Referred to Com. on GOV. & F.

  3. From printer. May be acted upon on or after March 28.

  4. Introduced. Read first time. To Com. on RLS. for assignment. 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.

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

Subjects

taxation education
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Frequently asked questions

What does SB 458 do?
Existing law imposes an annual tax on the gross premiums of an insurer, as defined, doing business in this state at specified rates. This bill, for taxable years beginning on or after January 1, 2015, and before January 1, 2017, would allow a credit equal to a certain percentage of a contribution to the College Access Tax Credit Fund, as provided. The bill would specify that the aggregate amount of credit that may be allocated under this provision shall not exceed an unspecified sum for each calendar year, as specified, and would require the California Educational Facilities Authority to perform certain duties with regard to allocating and certifying the tax credits allowed under this provision. This bill would take effect immediately as a tax levy.
Who sponsors SB 458?
SB 458 is sponsored by Beth Gaines.
What is the current status of SB 458?
This bill died with 2015-2016 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 458?
Track SB 458 free on One Click Politics — get push/email alerts when it moves.

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