CALIFORNIA LEGISLATURE 20172018 REGULAR SESSION Assembly Bill No. 2932Introduced by Assembly Member ChoiFebruary 16, 2018 An act relating to taxation. LEGISLATIVE COUNSEL'S DIGESTAB 2932, as introduced, Choi. Corporation Tax Law: credits.The Corporation Tax Law allows various credits against the taxes imposed by that law. This bill would state the intent of the Legislature to enact legislation that would allow a credit under the Corporation Tax Law to taxpayers that increase their workforce in an amount equal to a percentage of the wages paid or incurred by the taxpayers employees, subject to both credit amount per taxpayer limitations, aggregate credit amount per taxable year limitations, and a limitation on the number of taxable years for which the credit may be claimed by a taxpayer.Digest Key Vote: MAJORITY Appropriation: NO Fiscal Committee: NO Local Program: NO Bill TextThe people of the State of California do enact as follows:SECTION 1. It is the intent of the Legislature to enact legislation that would allow a credit under the Corporation Tax Law to taxpayers that increase their workforce in an amount equal to a percentage of the wages paid or incurred by the taxpayers employees, subject to both credit amount per taxpayer limitations, aggregate credit amount per taxable year limitations, and a limitation on the number of taxable years for which the credit may be claimed by a taxpayer.
CALIFORNIA LEGISLATURE 20172018 REGULAR SESSION Assembly Bill No. 2932Introduced by Assembly Member ChoiFebruary 16, 2018 An act relating to taxation. LEGISLATIVE COUNSEL'S DIGESTAB 2932, as introduced, Choi. Corporation Tax Law: credits.The Corporation Tax Law allows various credits against the taxes imposed by that law. This bill would state the intent of the Legislature to enact legislation that would allow a credit under the Corporation Tax Law to taxpayers that increase their workforce in an amount equal to a percentage of the wages paid or incurred by the taxpayers employees, subject to both credit amount per taxpayer limitations, aggregate credit amount per taxable year limitations, and a limitation on the number of taxable years for which the credit may be claimed by a taxpayer.Digest Key Vote: MAJORITY Appropriation: NO Fiscal Committee: NO Local Program: NO
CALIFORNIA LEGISLATURE 20172018 REGULAR SESSION
Assembly Bill No. 2932
Introduced by Assembly Member ChoiFebruary 16, 2018
Introduced by Assembly Member Choi
February 16, 2018
An act relating to taxation.
LEGISLATIVE COUNSEL'S DIGEST
## LEGISLATIVE COUNSEL'S DIGEST
AB 2932, as introduced, Choi. Corporation Tax Law: credits.
The Corporation Tax Law allows various credits against the taxes imposed by that law. This bill would state the intent of the Legislature to enact legislation that would allow a credit under the Corporation Tax Law to taxpayers that increase their workforce in an amount equal to a percentage of the wages paid or incurred by the taxpayers employees, subject to both credit amount per taxpayer limitations, aggregate credit amount per taxable year limitations, and a limitation on the number of taxable years for which the credit may be claimed by a taxpayer.
The Corporation Tax Law allows various credits against the taxes imposed by that law.
This bill would state the intent of the Legislature to enact legislation that would allow a credit under the Corporation Tax Law to taxpayers that increase their workforce in an amount equal to a percentage of the wages paid or incurred by the taxpayers employees, subject to both credit amount per taxpayer limitations, aggregate credit amount per taxable year limitations, and a limitation on the number of taxable years for which the credit may be claimed by a taxpayer.
## Digest Key
## Bill Text
The people of the State of California do enact as follows:SECTION 1. It is the intent of the Legislature to enact legislation that would allow a credit under the Corporation Tax Law to taxpayers that increase their workforce in an amount equal to a percentage of the wages paid or incurred by the taxpayers employees, subject to both credit amount per taxpayer limitations, aggregate credit amount per taxable year limitations, and a limitation on the number of taxable years for which the credit may be claimed by a taxpayer.
The people of the State of California do enact as follows:
## The people of the State of California do enact as follows:
SECTION 1. It is the intent of the Legislature to enact legislation that would allow a credit under the Corporation Tax Law to taxpayers that increase their workforce in an amount equal to a percentage of the wages paid or incurred by the taxpayers employees, subject to both credit amount per taxpayer limitations, aggregate credit amount per taxable year limitations, and a limitation on the number of taxable years for which the credit may be claimed by a taxpayer.
SECTION 1. It is the intent of the Legislature to enact legislation that would allow a credit under the Corporation Tax Law to taxpayers that increase their workforce in an amount equal to a percentage of the wages paid or incurred by the taxpayers employees, subject to both credit amount per taxpayer limitations, aggregate credit amount per taxable year limitations, and a limitation on the number of taxable years for which the credit may be claimed by a taxpayer.
SECTION 1. It is the intent of the Legislature to enact legislation that would allow a credit under the Corporation Tax Law to taxpayers that increase their workforce in an amount equal to a percentage of the wages paid or incurred by the taxpayers employees, subject to both credit amount per taxpayer limitations, aggregate credit amount per taxable year limitations, and a limitation on the number of taxable years for which the credit may be claimed by a taxpayer.
### SECTION 1.