Bill > A5389

Introduced Session

This bill allows a gross income tax credit for nonresidential building improvement expenses to reduce the spread of COVID-19. The credit will be allowed for expenditures made during taxable years 2020, 2021, and 2022. The following expenditures will be includable in calculation of the credit: expenditures for (1) bi-polar ionization and ultraviolet lighting to disinfect indoor air and surfaces, including in elevators and work areas; (2) infrared thermometers for screening visitors in common areas; (3) transparent sneeze guards or shields; (4) touchless entryway and security; (5) ventilation; and (6) other equipment to reduce the spread of COVID-19 and necessary to create a safe environment for employers and employees to return to their work spaces. The amount of credit allowed will be equal to: 75 percent of the taxpayer's expenditures for a work space of less than 30,000 square feet, but the credit for such expenditures cannot exceed $100,000; and 50 percent of the taxpayer's expenditures for a work space of 30,000 square feet or more, but the credit for such expenditures cannot exceed $250,000.

AI Summary

Committee Categories

Annette Chaparro (D)*,  Ronald Dancer (R)*,  Joe Danielsen (D)*,  Serena DiMaso (R),  JoAnn Downey (D),  Eric Houghtaling (D),  Verlina Reynolds-Jackson (D),  Parker Space (R),  Jean Stanfield (R),  Edward Thomson (R),  Harold Wirths (R), 

Reported out of Asm. Comm. with Amendments, and Referred to Assembly Appropriations Committee (on 03/08/2021)

Official Document