California 2015-2016 Regular Session Status: In Committee 1 R cosponsors

SB 1437 — Personal income taxes: deductions: education expenses: education savings accounts.

Last action — May 11 set for second hearing canceled at the request of author.

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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This bill is no longer active — its legislative session has ended, so there is no live prognosis.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

The Personal Income Tax Law, in modified conformity with federal income tax laws, allows various deductions from gross income in computing adjusted gross income under that law, including deductions for payments to individual retirement accounts, alimony payments, and interest on educational loans. This bill, for taxable years beginning on or after January 1, 2016, and before January 1, 2021, would allow a deduction in computing adjusted gross income for those amounts contributed to a Coverdell education savings account, up to $750 per taxable year, as provided. The bill, for taxable years beginning on or after January 1, 2016, and before January 1, 2021, would also allow a deduction in computing adjusted gross income, not to exceed $2,500, for the cost of education-related expenses of the taxpayer's dependent child or children attending public or private school, as specified. This bill would take effect immediately as a tax levy.

Bill Text

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Action History

  1. May 11 set for second hearing canceled at the request of author.

  2. Set for hearing May 11.

  3. April 27 set for first hearing canceled at the request of author.

  4. Set for hearing April 27.

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

  6. Read first time.

  7. From printer. May be acted upon on or after March 23.

  8. Introduced. To Com. on RLS. for assignment. To print.

Sponsors

  • Baker · Cosponsor
  • Huff · Cosponsor
  • Tom Lackey · Cosponsor
  • Moorlach · Primary

Sponsorship breakdown

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1 sponsors · 3 co-sponsors · 118 not signed on

Sponsors (1)

  • Moorlach

Co-sponsors (3)

Not signed on (118)

118 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
Cross-referencing the record. Reading this bill against every other bill in the corpus by meaning, not keywords. Only the first open is slow. It’s instant for you after this. Matching · Ranking · Engrossing

Frequently asked questions

What does SB 1437 do?
The Personal Income Tax Law, in modified conformity with federal income tax laws, allows various deductions from gross income in computing adjusted gross income under that law, including deductions for payments to individual retirement accounts, alimony payments, and interest on educational loans. This bill, for taxable years beginning on or after January 1, 2016, and before January 1, 2021, would allow a deduction in computing adjusted gross income for those amounts contributed to a Coverdell education savings account, up to $750 per taxable year, as provided. The bill, for taxable years beginning on or after January 1, 2016, and before January 1, 2021, would also allow a deduction in computing adjusted gross income, not to exceed $2,500, for the cost of education-related expenses of the taxpayer's dependent child or children attending public or private school, as specified. This bill would take effect immediately as a tax levy.
Who sponsors SB 1437?
SB 1437 is sponsored by Baker, Huff, Lackey, Tom (Republican), and Moorlach.
What is the current status of SB 1437?
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 1437?
Track SB 1437 free on One Click Politics — get push/email alerts when it moves.

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