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| 1 | + | CALIFORNIA LEGISLATURE 20172018 REGULAR SESSION Assembly Bill No. 1864Introduced by Assembly Member Kiley(Coauthors: Assembly Members Chen, Fong, Gallagher, Mayes, Obernolte, Steinorth, and Voepel)January 12, 2018 An act to add Section 17210 to the Revenue and Taxation Code, relating to taxation, to take effect immediately, tax levy. LEGISLATIVE COUNSEL'S DIGESTAB 1864, as introduced, Kiley. Personal income taxes: deductions: federal income tax paid. 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, including miscellaneous itemized deductions that are allowed only to the extent that the aggregate amount of those deductions exceeds 2% of adjusted gross income.This bill, on or after January 1, 2019, would allow as a deduction under that law in an amount equal to the amount of federal income tax paid, as defined, by a taxpayer on income that is attributable to a taxable year beginning on or after January 1, 2018, as specified.This bill would take effect immediately as a tax levy.Digest Key Vote: MAJORITY Appropriation: NO Fiscal Committee: YES Local Program: NO Bill TextThe people of the State of California do enact as follows:SECTION 1. Section 17210 is added to the Revenue and Taxation Code, to read:17210. (a) On or after January 1, 2019, there shall be allowed as a deduction in an amount equal to the amount of federal income tax paid by a taxpayer on income that is attributable to a taxable year beginning on or after January 1, 2018.(b) For purposes of this section, federal income tax paid means the amount paid to the Internal Revenue Service for the taxpayers federal tax liability under Chapter 1 of the Internal Revenue Code after reduction for all credits allowed under Chapter 1 of the Internal Revenue Code, except for the credit for the payments of federal estimated tax, the credit for the overpayment of any federal tax, and the credit allowed by Section 31 of the Internal Revenue Code, relating to taxes withheld on wages.(c) Any additional federal income tax paid by a taxpayer on income that is attributable to a taxable year beginning on or after January 1, 2018, that may be assessed for federal income tax under Chapter 1 of the Internal Revenue Code after the filing of the original return by a taxpayer shall be allowed as a deduction in the year in which that amount is paid.(d) Any refund of federal income tax paid by a taxpayer on income that is attributable to a taxable year beginning on or after January 1, 2018, that may be received after the filing of the original return by the taxpayer for which the taxpayer was allowed as a deduction pursuant to subdivision (a) shall be included as income in the taxable year in which the refund is received.(e) This section shall be known, and may be cited to as, the Prosperous Economy and Payer Protection through Equitable Rates Act.SEC. 2. This act provides for a tax levy within the meaning of Article IV of the California Constitution and shall go into immediate effect. | |
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| 3 | + | CALIFORNIA LEGISLATURE 20172018 REGULAR SESSION Assembly Bill No. 1864Introduced by Assembly Member Kiley(Coauthors: Assembly Members Chen, Fong, Gallagher, Mayes, Obernolte, Steinorth, and Voepel)January 12, 2018 An act to add Section 17210 to the Revenue and Taxation Code, relating to taxation, to take effect immediately, tax levy. LEGISLATIVE COUNSEL'S DIGESTAB 1864, as introduced, Kiley. Personal income taxes: deductions: federal income tax paid. 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, including miscellaneous itemized deductions that are allowed only to the extent that the aggregate amount of those deductions exceeds 2% of adjusted gross income.This bill, on or after January 1, 2019, would allow as a deduction under that law in an amount equal to the amount of federal income tax paid, as defined, by a taxpayer on income that is attributable to a taxable year beginning on or after January 1, 2018, as specified.This bill would take effect immediately as a tax levy.Digest Key Vote: MAJORITY Appropriation: NO Fiscal Committee: YES Local Program: NO | |
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| 5 | - | Amended IN Assembly February 27, 2018 | |
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| 7 | - | Amended IN Assembly February 27, 2018 | |
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| 7 | + | ||
| 8 | 8 | ||
| 9 | 9 | CALIFORNIA LEGISLATURE 20172018 REGULAR SESSION | |
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| 11 | 11 | Assembly Bill No. 1864 | |
| 12 | 12 | ||
| 13 | - | Introduced by Assembly Member Kiley(Coauthors: Assembly Members Chen, Fong, Gallagher, | |
| 13 | + | Introduced by Assembly Member Kiley(Coauthors: Assembly Members Chen, Fong, Gallagher, Mayes, Obernolte, Steinorth, and Voepel)January 12, 2018 | |
| 14 | 14 | ||
| 15 | - | Introduced by Assembly Member Kiley(Coauthors: Assembly Members Chen, Fong, Gallagher, | |
| 15 | + | Introduced by Assembly Member Kiley(Coauthors: Assembly Members Chen, Fong, Gallagher, Mayes, Obernolte, Steinorth, and Voepel) | |
| 16 | 16 | January 12, 2018 | |
| 17 | 17 | ||
| 18 | 18 | An act to add Section 17210 to the Revenue and Taxation Code, relating to taxation, to take effect immediately, tax levy. | |
| 19 | 19 | ||
| 20 | 20 | LEGISLATIVE COUNSEL'S DIGEST | |
| 21 | 21 | ||
| 22 | 22 | ## LEGISLATIVE COUNSEL'S DIGEST | |
| 23 | 23 | ||
| 24 | - | AB 1864, as | |
| 24 | + | AB 1864, as introduced, Kiley. Personal income taxes: deductions: federal income tax paid. | |
| 25 | 25 | ||
| 26 | - | 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, including miscellaneous itemized deductions that are allowed only to the extent that the aggregate amount of those deductions exceeds 2% of adjusted gross income.This bill, on or after January 1, 2019, | |
| 26 | + | 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, including miscellaneous itemized deductions that are allowed only to the extent that the aggregate amount of those deductions exceeds 2% of adjusted gross income.This bill, on or after January 1, 2019, would allow as a deduction under that law in an amount equal to the amount of federal income tax paid, as defined, by a taxpayer on income that is attributable to a taxable year beginning on or after January 1, 2018, as specified.This bill would take effect immediately as a tax levy. | |
| 27 | 27 | ||
| 28 | 28 | 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, including miscellaneous itemized deductions that are allowed only to the extent that the aggregate amount of those deductions exceeds 2% of adjusted gross income. | |
| 29 | 29 | ||
| 30 | - | This bill, on or after January 1, 2019 | |
| 30 | + | This bill, on or after January 1, 2019, would allow as a deduction under that law in an amount equal to the amount of federal income tax paid, as defined, by a taxpayer on income that is attributable to a taxable year beginning on or after January 1, 2018, as specified. | |
| 31 | 31 | ||
| 32 | 32 | This bill would take effect immediately as a tax levy. | |
| 33 | 33 | ||
| 34 | 34 | ## Digest Key | |
| 35 | 35 | ||
| 36 | 36 | ## Bill Text | |
| 37 | 37 | ||
| 38 | - | The people of the State of California do enact as follows:SECTION 1. Section 17210 is added to the Revenue and Taxation Code, to read:17210. (a) On or after January 1, 2019 | |
| 38 | + | The people of the State of California do enact as follows:SECTION 1. Section 17210 is added to the Revenue and Taxation Code, to read:17210. (a) On or after January 1, 2019, there shall be allowed as a deduction in an amount equal to the amount of federal income tax paid by a taxpayer on income that is attributable to a taxable year beginning on or after January 1, 2018.(b) For purposes of this section, federal income tax paid means the amount paid to the Internal Revenue Service for the taxpayers federal tax liability under Chapter 1 of the Internal Revenue Code after reduction for all credits allowed under Chapter 1 of the Internal Revenue Code, except for the credit for the payments of federal estimated tax, the credit for the overpayment of any federal tax, and the credit allowed by Section 31 of the Internal Revenue Code, relating to taxes withheld on wages.(c) Any additional federal income tax paid by a taxpayer on income that is attributable to a taxable year beginning on or after January 1, 2018, that may be assessed for federal income tax under Chapter 1 of the Internal Revenue Code after the filing of the original return by a taxpayer shall be allowed as a deduction in the year in which that amount is paid.(d) Any refund of federal income tax paid by a taxpayer on income that is attributable to a taxable year beginning on or after January 1, 2018, that may be received after the filing of the original return by the taxpayer for which the taxpayer was allowed as a deduction pursuant to subdivision (a) shall be included as income in the taxable year in which the refund is received.(e) This section shall be known, and may be cited to as, the Prosperous Economy and Payer Protection through Equitable Rates Act.SEC. 2. This act provides for a tax levy within the meaning of Article IV of the California Constitution and shall go into immediate effect. | |
| 39 | 39 | ||
| 40 | 40 | The people of the State of California do enact as follows: | |
| 41 | 41 | ||
| 42 | 42 | ## The people of the State of California do enact as follows: | |
| 43 | 43 | ||
| 44 | - | SECTION 1. Section 17210 is added to the Revenue and Taxation Code, to read:17210. (a) On or after January 1, 2019 | |
| 44 | + | SECTION 1. Section 17210 is added to the Revenue and Taxation Code, to read:17210. (a) On or after January 1, 2019, there shall be allowed as a deduction in an amount equal to the amount of federal income tax paid by a taxpayer on income that is attributable to a taxable year beginning on or after January 1, 2018.(b) For purposes of this section, federal income tax paid means the amount paid to the Internal Revenue Service for the taxpayers federal tax liability under Chapter 1 of the Internal Revenue Code after reduction for all credits allowed under Chapter 1 of the Internal Revenue Code, except for the credit for the payments of federal estimated tax, the credit for the overpayment of any federal tax, and the credit allowed by Section 31 of the Internal Revenue Code, relating to taxes withheld on wages.(c) Any additional federal income tax paid by a taxpayer on income that is attributable to a taxable year beginning on or after January 1, 2018, that may be assessed for federal income tax under Chapter 1 of the Internal Revenue Code after the filing of the original return by a taxpayer shall be allowed as a deduction in the year in which that amount is paid.(d) Any refund of federal income tax paid by a taxpayer on income that is attributable to a taxable year beginning on or after January 1, 2018, that may be received after the filing of the original return by the taxpayer for which the taxpayer was allowed as a deduction pursuant to subdivision (a) shall be included as income in the taxable year in which the refund is received.(e) This section shall be known, and may be cited to as, the Prosperous Economy and Payer Protection through Equitable Rates Act. | |
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| 46 | 46 | SECTION 1. Section 17210 is added to the Revenue and Taxation Code, to read: | |
| 47 | 47 | ||
| 48 | 48 | ### SECTION 1. | |
| 49 | 49 | ||
| 50 | - | 17210. (a) On or after January 1, 2019 | |
| 50 | + | 17210. (a) On or after January 1, 2019, there shall be allowed as a deduction in an amount equal to the amount of federal income tax paid by a taxpayer on income that is attributable to a taxable year beginning on or after January 1, 2018.(b) For purposes of this section, federal income tax paid means the amount paid to the Internal Revenue Service for the taxpayers federal tax liability under Chapter 1 of the Internal Revenue Code after reduction for all credits allowed under Chapter 1 of the Internal Revenue Code, except for the credit for the payments of federal estimated tax, the credit for the overpayment of any federal tax, and the credit allowed by Section 31 of the Internal Revenue Code, relating to taxes withheld on wages.(c) Any additional federal income tax paid by a taxpayer on income that is attributable to a taxable year beginning on or after January 1, 2018, that may be assessed for federal income tax under Chapter 1 of the Internal Revenue Code after the filing of the original return by a taxpayer shall be allowed as a deduction in the year in which that amount is paid.(d) Any refund of federal income tax paid by a taxpayer on income that is attributable to a taxable year beginning on or after January 1, 2018, that may be received after the filing of the original return by the taxpayer for which the taxpayer was allowed as a deduction pursuant to subdivision (a) shall be included as income in the taxable year in which the refund is received.(e) This section shall be known, and may be cited to as, the Prosperous Economy and Payer Protection through Equitable Rates Act. | |
| 51 | 51 | ||
| 52 | - | 17210. (a) On or after January 1, 2019 | |
| 52 | + | 17210. (a) On or after January 1, 2019, there shall be allowed as a deduction in an amount equal to the amount of federal income tax paid by a taxpayer on income that is attributable to a taxable year beginning on or after January 1, 2018.(b) For purposes of this section, federal income tax paid means the amount paid to the Internal Revenue Service for the taxpayers federal tax liability under Chapter 1 of the Internal Revenue Code after reduction for all credits allowed under Chapter 1 of the Internal Revenue Code, except for the credit for the payments of federal estimated tax, the credit for the overpayment of any federal tax, and the credit allowed by Section 31 of the Internal Revenue Code, relating to taxes withheld on wages.(c) Any additional federal income tax paid by a taxpayer on income that is attributable to a taxable year beginning on or after January 1, 2018, that may be assessed for federal income tax under Chapter 1 of the Internal Revenue Code after the filing of the original return by a taxpayer shall be allowed as a deduction in the year in which that amount is paid.(d) Any refund of federal income tax paid by a taxpayer on income that is attributable to a taxable year beginning on or after January 1, 2018, that may be received after the filing of the original return by the taxpayer for which the taxpayer was allowed as a deduction pursuant to subdivision (a) shall be included as income in the taxable year in which the refund is received.(e) This section shall be known, and may be cited to as, the Prosperous Economy and Payer Protection through Equitable Rates Act. | |
| 53 | 53 | ||
| 54 | - | 17210. (a) On or after January 1, 2019 | |
| 54 | + | 17210. (a) On or after January 1, 2019, there shall be allowed as a deduction in an amount equal to the amount of federal income tax paid by a taxpayer on income that is attributable to a taxable year beginning on or after January 1, 2018.(b) For purposes of this section, federal income tax paid means the amount paid to the Internal Revenue Service for the taxpayers federal tax liability under Chapter 1 of the Internal Revenue Code after reduction for all credits allowed under Chapter 1 of the Internal Revenue Code, except for the credit for the payments of federal estimated tax, the credit for the overpayment of any federal tax, and the credit allowed by Section 31 of the Internal Revenue Code, relating to taxes withheld on wages.(c) Any additional federal income tax paid by a taxpayer on income that is attributable to a taxable year beginning on or after January 1, 2018, that may be assessed for federal income tax under Chapter 1 of the Internal Revenue Code after the filing of the original return by a taxpayer shall be allowed as a deduction in the year in which that amount is paid.(d) Any refund of federal income tax paid by a taxpayer on income that is attributable to a taxable year beginning on or after January 1, 2018, that may be received after the filing of the original return by the taxpayer for which the taxpayer was allowed as a deduction pursuant to subdivision (a) shall be included as income in the taxable year in which the refund is received.(e) This section shall be known, and may be cited to as, the Prosperous Economy and Payer Protection through Equitable Rates Act. | |
| 55 | 55 | ||
| 56 | 56 | ||
| 57 | 57 | ||
| 58 | - | 17210. (a) On or after January 1, 2019 | |
| 58 | + | 17210. (a) On or after January 1, 2019, there shall be allowed as a deduction in an amount equal to the amount of federal income tax paid by a taxpayer on income that is attributable to a taxable year beginning on or after January 1, 2018. | |
| 59 | 59 | ||
| 60 | - | (b) For purposes of this section, federal income tax paid means the amount paid to the Internal Revenue Service for the taxpayers federal | |
| 60 | + | (b) For purposes of this section, federal income tax paid means the amount paid to the Internal Revenue Service for the taxpayers federal tax liability under Chapter 1 of the Internal Revenue Code after reduction for all credits allowed under Chapter 1 of the Internal Revenue Code, except for the credit for the payments of federal estimated tax, the credit for the overpayment of any federal tax, and the credit allowed by Section 31 of the Internal Revenue Code, relating to taxes withheld on wages. | |
| 61 | 61 | ||
| 62 | - | (c) Any additional federal income tax paid by a taxpayer on income that is attributable to a | |
| 62 | + | (c) Any additional federal income tax paid by a taxpayer on income that is attributable to a taxable year beginning on or after January 1, 2018, that may be assessed for federal income tax under Chapter 1 of the Internal Revenue Code after the filing of the original return by a taxpayer shall be allowed as a deduction in the year in which that amount is paid. | |
| 63 | 63 | ||
| 64 | - | (d) Any refund | |
| 64 | + | (d) Any refund of federal income tax paid by a taxpayer on income that is attributable to a taxable year beginning on or after January 1, 2018, that may be received after the filing of the original return by the taxpayer for which the taxpayer was allowed as a deduction pursuant to subdivision (a) shall be included as income in the taxable year in which the refund is received. | |
| 65 | 65 | ||
| 66 | 66 | (e) This section shall be known, and may be cited to as, the Prosperous Economy and Payer Protection through Equitable Rates Act. | |
| 67 | 67 | ||
| 68 | 68 | SEC. 2. This act provides for a tax levy within the meaning of Article IV of the California Constitution and shall go into immediate effect. | |
| 69 | 69 | ||
| 70 | 70 | SEC. 2. This act provides for a tax levy within the meaning of Article IV of the California Constitution and shall go into immediate effect. | |
| 71 | 71 | ||
| 72 | 72 | SEC. 2. This act provides for a tax levy within the meaning of Article IV of the California Constitution and shall go into immediate effect. | |
| 73 | 73 | ||
| 74 | 74 | ### SEC. 2. |