Bill

Bill > SB1182


CA SB1182

Taxation: renters’ credit.


summary

Introduced
02/14/2018
In Committee
08/06/2018
Crossed Over
05/30/2018
Passed
Dead
09/30/2018

Introduced Session

2017-2018 Regular Session

Bill Summary

An act to amend Section 17053.5 of the Revenue and Taxation Code, relating to taxation, to take effect immediately, tax levy.

AI Summary

This bill increases the renter's credit amount for qualified renters in California, starting in the 2018 tax year. The bill also requires the Franchise Tax Board to annually adjust the credit amount for inflation starting in 2023. The Governor is authorized to suspend the increased credit amount if an economic emergency is declared. The bill also specifies that the credit amount will be $0 starting in 2019 unless a bill providing for appropriations related to the Budget Bill says otherwise, in which case the previous credit amounts of $60 and $120 would apply.

Committee Categories

Budget and Finance

Sponsors (21)

Last Action

August 16 hearing: Held in committee and under submission. (on 08/16/2018)

bill text


bill summary

Loading...

bill summary

Loading...
Loading...