AB 1041 — Personal income taxes: education savings accounts.
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 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This bill is no longer active — its legislative session has ended, so there is no live prognosis.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 in computing the income that is subject to the taxes imposed by that law. This bill 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. This bill would take effect immediately as a tax levy.
Bill Text
What changed in the latest version
1 added · 1 removed1 line(s) added, 1 removed.
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- Introduced 02/26/15 - Introduced Current pdf February 26, 2015
- AB1041 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 Article IV, Sec. 10(c) of the Constitution.
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In committee: Set, second hearing. Hearing canceled at the request of author.
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In committee: Set, first hearing. Referred to REV. & TAX. suspense file.
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Referred to Com. on REV. & TAX.
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From printer. May be heard in committee March 29.
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Read first time. To print.
Sponsors
- Baker · Primary
- Bigelow · Cosponsor
- Brough · Cosponsor
- Chávez · Cosponsor
- James Gallagher · Cosponsor
- Tom Lackey · Cosponsor
- Linder · Cosponsor
- Mayes · Cosponsor
- Obernolte · Cosponsor
- Olsen · Cosponsor
- Wilk · Cosponsor
- Joe Patterson · Cosponsor
- Travis Allen · Cosponsor
Sponsorship breakdown
Export CSV (upgrade) →1 sponsors · 12 co-sponsors · 109 not signed on
Sponsors (1)
- Baker
Co-sponsors (12)
- Bigelow
- Brough
- Chávez
- Gallagher, James Republican
- Lackey, Tom Republican
- Linder
- Mayes
- Obernolte
- Olsen
- Wilk
- Patterson, Joe Republican
- Travis Allen
Not signed on (109)
109 members have not signed on to this bill.
Show all 109 →"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 1041 do?
- The Personal Income Tax Law, in modified conformity with federal income tax laws, allows various deductions in computing the income that is subject to the taxes imposed by that law. This bill 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. This bill would take effect immediately as a tax levy.
- Who sponsors AB 1041?
- AB 1041 is sponsored by Baker, Bigelow, Brough, Chávez, Gallagher, James (Republican), Lackey, Tom (Republican), Linder, Mayes, Obernolte, Olsen, Wilk, Patterson, Joe (Republican), and Travis Allen.
- What is the current status of AB 1041?
- 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 AB 1041?
- Track AB 1041 free on One Click Politics — get push/email alerts when it moves.
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