CALIFORNIA LEGISLATURE 20192020 REGULAR SESSION Assembly Bill No. 2016Introduced by Assembly Member CalderonJanuary 29, 2020 An act to add Section 18511 to the Revenue and Taxation Code, relating to taxation. LEGISLATIVE COUNSEL'S DIGESTAB 2016, as introduced, Calderon. Personal income tax: returns: financial aid.Existing law, the Personal Income Tax Law, imposes taxes on taxable income, as provided. Existing law requires every individual taxable under that law to make a return to the Franchise Tax Board, stating specifically the items of the individuals gross income from all sources and the deductions and credits allowable, as specified.Existing law establishes the Student Aid Commission as the state agency responsible for the administration of state-authorized student financial aid programs available to postsecondary education students.This bill would require, for taxable years beginning on or after January 1, 2022, the Franchise Tax Board to revise the returns required to be filed pursuant to the Personal Income Tax Law to allow a taxpayer to authorize the Franchise Tax Board to share the information contained in the returns with the Student Aid Commission for purposes of providing the taxpayer with Cal Grant financial aid estimates, as defined, for the financing of postsecondary education, as specified. The bill would require the Franchise Tax Board to consult and develop an information sharing agreement with the Student Aid Commission to facilitate the provision of those Cal Grant financial aid estimates. The bill would require the information sharing agreement to address the sharing of specified information. The bill would require the Student Aid Commission to provide the taxpayer with Cal Grant financial aid estimates for the financing of postsecondary education at the nearest qualifying institution, as defined, in a manner determined by the commission.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 18511 is added to the Revenue and Taxation Code, to read:18511. (a) For taxable years beginning on or after January 1, 2022, the Franchise Tax Board shall revise the returns required to be filed pursuant to this article as follows:(1) The Franchise Tax Board shall revise the returns to allow a taxpayer to authorize the Franchise Tax Board to share the information contained in the returns with the Student Aid Commission for purposes of providing the taxpayer with Cal Grant financial aid estimates for the financing of postsecondary education.(2) The Franchise Tax Board shall revise the returns to allow the taxpayer to specify whether they are requesting financial aid information for themselves, their spouse in the case of a joint return, or a dependent.(b) (1) The Franchise Tax Board shall consult and develop an information sharing agreement with the Student Aid Commission to facilitate the provision of Cal Grant financial aid estimates to the taxpayer filing a return required to be filed pursuant to this article.(2) The information sharing agreement shall address the sharing of all of the following information:(A) Adjusted gross income from all sources.(B) Family household size.(C) Taxable assets.(D) Street address.(E) Any other financial information necessary to facilitate the provision of Cal Grant financial aid estimates to the taxpayer filing a return required to be filed pursuant to this article.(c) The Student Aid Commission shall, upon receipt of the information specified in subdivision (a), provide the taxpayer with Cal Grant financial aid estimates for the financing of postsecondary education at the nearest qualifying institution in a manner determined by the commission.(d) For purposes of this section, the following definitions apply:(1) Cal Grant financial aid estimate means an estimate of moneys that may be awarded pursuant to Chapter 1.7 (commencing with Section 69430) of Part 42 of Division 5 of Title 3 of the Education Code.(2) Qualifying institution shall have the same meaning as defined in subdivision (l) of Section 69432.7.
CALIFORNIA LEGISLATURE 20192020 REGULAR SESSION Assembly Bill No. 2016Introduced by Assembly Member CalderonJanuary 29, 2020 An act to add Section 18511 to the Revenue and Taxation Code, relating to taxation. LEGISLATIVE COUNSEL'S DIGESTAB 2016, as introduced, Calderon. Personal income tax: returns: financial aid.Existing law, the Personal Income Tax Law, imposes taxes on taxable income, as provided. Existing law requires every individual taxable under that law to make a return to the Franchise Tax Board, stating specifically the items of the individuals gross income from all sources and the deductions and credits allowable, as specified.Existing law establishes the Student Aid Commission as the state agency responsible for the administration of state-authorized student financial aid programs available to postsecondary education students.This bill would require, for taxable years beginning on or after January 1, 2022, the Franchise Tax Board to revise the returns required to be filed pursuant to the Personal Income Tax Law to allow a taxpayer to authorize the Franchise Tax Board to share the information contained in the returns with the Student Aid Commission for purposes of providing the taxpayer with Cal Grant financial aid estimates, as defined, for the financing of postsecondary education, as specified. The bill would require the Franchise Tax Board to consult and develop an information sharing agreement with the Student Aid Commission to facilitate the provision of those Cal Grant financial aid estimates. The bill would require the information sharing agreement to address the sharing of specified information. The bill would require the Student Aid Commission to provide the taxpayer with Cal Grant financial aid estimates for the financing of postsecondary education at the nearest qualifying institution, as defined, in a manner determined by the commission.Digest Key Vote: MAJORITY Appropriation: NO Fiscal Committee: YES Local Program: NO
CALIFORNIA LEGISLATURE 20192020 REGULAR SESSION
Assembly Bill
No. 2016
Introduced by Assembly Member CalderonJanuary 29, 2020
Introduced by Assembly Member Calderon
January 29, 2020
An act to add Section 18511 to the Revenue and Taxation Code, relating to taxation.
LEGISLATIVE COUNSEL'S DIGEST
## LEGISLATIVE COUNSEL'S DIGEST
AB 2016, as introduced, Calderon. Personal income tax: returns: financial aid.
Existing law, the Personal Income Tax Law, imposes taxes on taxable income, as provided. Existing law requires every individual taxable under that law to make a return to the Franchise Tax Board, stating specifically the items of the individuals gross income from all sources and the deductions and credits allowable, as specified.Existing law establishes the Student Aid Commission as the state agency responsible for the administration of state-authorized student financial aid programs available to postsecondary education students.This bill would require, for taxable years beginning on or after January 1, 2022, the Franchise Tax Board to revise the returns required to be filed pursuant to the Personal Income Tax Law to allow a taxpayer to authorize the Franchise Tax Board to share the information contained in the returns with the Student Aid Commission for purposes of providing the taxpayer with Cal Grant financial aid estimates, as defined, for the financing of postsecondary education, as specified. The bill would require the Franchise Tax Board to consult and develop an information sharing agreement with the Student Aid Commission to facilitate the provision of those Cal Grant financial aid estimates. The bill would require the information sharing agreement to address the sharing of specified information. The bill would require the Student Aid Commission to provide the taxpayer with Cal Grant financial aid estimates for the financing of postsecondary education at the nearest qualifying institution, as defined, in a manner determined by the commission.
Existing law, the Personal Income Tax Law, imposes taxes on taxable income, as provided. Existing law requires every individual taxable under that law to make a return to the Franchise Tax Board, stating specifically the items of the individuals gross income from all sources and the deductions and credits allowable, as specified.
Existing law establishes the Student Aid Commission as the state agency responsible for the administration of state-authorized student financial aid programs available to postsecondary education students.
This bill would require, for taxable years beginning on or after January 1, 2022, the Franchise Tax Board to revise the returns required to be filed pursuant to the Personal Income Tax Law to allow a taxpayer to authorize the Franchise Tax Board to share the information contained in the returns with the Student Aid Commission for purposes of providing the taxpayer with Cal Grant financial aid estimates, as defined, for the financing of postsecondary education, as specified. The bill would require the Franchise Tax Board to consult and develop an information sharing agreement with the Student Aid Commission to facilitate the provision of those Cal Grant financial aid estimates. The bill would require the information sharing agreement to address the sharing of specified information. The bill would require the Student Aid Commission to provide the taxpayer with Cal Grant financial aid estimates for the financing of postsecondary education at the nearest qualifying institution, as defined, in a manner determined by the commission.
## Digest Key
## Bill Text
The people of the State of California do enact as follows:SECTION 1. Section 18511 is added to the Revenue and Taxation Code, to read:18511. (a) For taxable years beginning on or after January 1, 2022, the Franchise Tax Board shall revise the returns required to be filed pursuant to this article as follows:(1) The Franchise Tax Board shall revise the returns to allow a taxpayer to authorize the Franchise Tax Board to share the information contained in the returns with the Student Aid Commission for purposes of providing the taxpayer with Cal Grant financial aid estimates for the financing of postsecondary education.(2) The Franchise Tax Board shall revise the returns to allow the taxpayer to specify whether they are requesting financial aid information for themselves, their spouse in the case of a joint return, or a dependent.(b) (1) The Franchise Tax Board shall consult and develop an information sharing agreement with the Student Aid Commission to facilitate the provision of Cal Grant financial aid estimates to the taxpayer filing a return required to be filed pursuant to this article.(2) The information sharing agreement shall address the sharing of all of the following information:(A) Adjusted gross income from all sources.(B) Family household size.(C) Taxable assets.(D) Street address.(E) Any other financial information necessary to facilitate the provision of Cal Grant financial aid estimates to the taxpayer filing a return required to be filed pursuant to this article.(c) The Student Aid Commission shall, upon receipt of the information specified in subdivision (a), provide the taxpayer with Cal Grant financial aid estimates for the financing of postsecondary education at the nearest qualifying institution in a manner determined by the commission.(d) For purposes of this section, the following definitions apply:(1) Cal Grant financial aid estimate means an estimate of moneys that may be awarded pursuant to Chapter 1.7 (commencing with Section 69430) of Part 42 of Division 5 of Title 3 of the Education Code.(2) Qualifying institution shall have the same meaning as defined in subdivision (l) of Section 69432.7.
The people of the State of California do enact as follows:
## The people of the State of California do enact as follows:
SECTION 1. Section 18511 is added to the Revenue and Taxation Code, to read:18511. (a) For taxable years beginning on or after January 1, 2022, the Franchise Tax Board shall revise the returns required to be filed pursuant to this article as follows:(1) The Franchise Tax Board shall revise the returns to allow a taxpayer to authorize the Franchise Tax Board to share the information contained in the returns with the Student Aid Commission for purposes of providing the taxpayer with Cal Grant financial aid estimates for the financing of postsecondary education.(2) The Franchise Tax Board shall revise the returns to allow the taxpayer to specify whether they are requesting financial aid information for themselves, their spouse in the case of a joint return, or a dependent.(b) (1) The Franchise Tax Board shall consult and develop an information sharing agreement with the Student Aid Commission to facilitate the provision of Cal Grant financial aid estimates to the taxpayer filing a return required to be filed pursuant to this article.(2) The information sharing agreement shall address the sharing of all of the following information:(A) Adjusted gross income from all sources.(B) Family household size.(C) Taxable assets.(D) Street address.(E) Any other financial information necessary to facilitate the provision of Cal Grant financial aid estimates to the taxpayer filing a return required to be filed pursuant to this article.(c) The Student Aid Commission shall, upon receipt of the information specified in subdivision (a), provide the taxpayer with Cal Grant financial aid estimates for the financing of postsecondary education at the nearest qualifying institution in a manner determined by the commission.(d) For purposes of this section, the following definitions apply:(1) Cal Grant financial aid estimate means an estimate of moneys that may be awarded pursuant to Chapter 1.7 (commencing with Section 69430) of Part 42 of Division 5 of Title 3 of the Education Code.(2) Qualifying institution shall have the same meaning as defined in subdivision (l) of Section 69432.7.
SECTION 1. Section 18511 is added to the Revenue and Taxation Code, to read:
### SECTION 1.
18511. (a) For taxable years beginning on or after January 1, 2022, the Franchise Tax Board shall revise the returns required to be filed pursuant to this article as follows:(1) The Franchise Tax Board shall revise the returns to allow a taxpayer to authorize the Franchise Tax Board to share the information contained in the returns with the Student Aid Commission for purposes of providing the taxpayer with Cal Grant financial aid estimates for the financing of postsecondary education.(2) The Franchise Tax Board shall revise the returns to allow the taxpayer to specify whether they are requesting financial aid information for themselves, their spouse in the case of a joint return, or a dependent.(b) (1) The Franchise Tax Board shall consult and develop an information sharing agreement with the Student Aid Commission to facilitate the provision of Cal Grant financial aid estimates to the taxpayer filing a return required to be filed pursuant to this article.(2) The information sharing agreement shall address the sharing of all of the following information:(A) Adjusted gross income from all sources.(B) Family household size.(C) Taxable assets.(D) Street address.(E) Any other financial information necessary to facilitate the provision of Cal Grant financial aid estimates to the taxpayer filing a return required to be filed pursuant to this article.(c) The Student Aid Commission shall, upon receipt of the information specified in subdivision (a), provide the taxpayer with Cal Grant financial aid estimates for the financing of postsecondary education at the nearest qualifying institution in a manner determined by the commission.(d) For purposes of this section, the following definitions apply:(1) Cal Grant financial aid estimate means an estimate of moneys that may be awarded pursuant to Chapter 1.7 (commencing with Section 69430) of Part 42 of Division 5 of Title 3 of the Education Code.(2) Qualifying institution shall have the same meaning as defined in subdivision (l) of Section 69432.7.
18511. (a) For taxable years beginning on or after January 1, 2022, the Franchise Tax Board shall revise the returns required to be filed pursuant to this article as follows:(1) The Franchise Tax Board shall revise the returns to allow a taxpayer to authorize the Franchise Tax Board to share the information contained in the returns with the Student Aid Commission for purposes of providing the taxpayer with Cal Grant financial aid estimates for the financing of postsecondary education.(2) The Franchise Tax Board shall revise the returns to allow the taxpayer to specify whether they are requesting financial aid information for themselves, their spouse in the case of a joint return, or a dependent.(b) (1) The Franchise Tax Board shall consult and develop an information sharing agreement with the Student Aid Commission to facilitate the provision of Cal Grant financial aid estimates to the taxpayer filing a return required to be filed pursuant to this article.(2) The information sharing agreement shall address the sharing of all of the following information:(A) Adjusted gross income from all sources.(B) Family household size.(C) Taxable assets.(D) Street address.(E) Any other financial information necessary to facilitate the provision of Cal Grant financial aid estimates to the taxpayer filing a return required to be filed pursuant to this article.(c) The Student Aid Commission shall, upon receipt of the information specified in subdivision (a), provide the taxpayer with Cal Grant financial aid estimates for the financing of postsecondary education at the nearest qualifying institution in a manner determined by the commission.(d) For purposes of this section, the following definitions apply:(1) Cal Grant financial aid estimate means an estimate of moneys that may be awarded pursuant to Chapter 1.7 (commencing with Section 69430) of Part 42 of Division 5 of Title 3 of the Education Code.(2) Qualifying institution shall have the same meaning as defined in subdivision (l) of Section 69432.7.
18511. (a) For taxable years beginning on or after January 1, 2022, the Franchise Tax Board shall revise the returns required to be filed pursuant to this article as follows:(1) The Franchise Tax Board shall revise the returns to allow a taxpayer to authorize the Franchise Tax Board to share the information contained in the returns with the Student Aid Commission for purposes of providing the taxpayer with Cal Grant financial aid estimates for the financing of postsecondary education.(2) The Franchise Tax Board shall revise the returns to allow the taxpayer to specify whether they are requesting financial aid information for themselves, their spouse in the case of a joint return, or a dependent.(b) (1) The Franchise Tax Board shall consult and develop an information sharing agreement with the Student Aid Commission to facilitate the provision of Cal Grant financial aid estimates to the taxpayer filing a return required to be filed pursuant to this article.(2) The information sharing agreement shall address the sharing of all of the following information:(A) Adjusted gross income from all sources.(B) Family household size.(C) Taxable assets.(D) Street address.(E) Any other financial information necessary to facilitate the provision of Cal Grant financial aid estimates to the taxpayer filing a return required to be filed pursuant to this article.(c) The Student Aid Commission shall, upon receipt of the information specified in subdivision (a), provide the taxpayer with Cal Grant financial aid estimates for the financing of postsecondary education at the nearest qualifying institution in a manner determined by the commission.(d) For purposes of this section, the following definitions apply:(1) Cal Grant financial aid estimate means an estimate of moneys that may be awarded pursuant to Chapter 1.7 (commencing with Section 69430) of Part 42 of Division 5 of Title 3 of the Education Code.(2) Qualifying institution shall have the same meaning as defined in subdivision (l) of Section 69432.7.
18511. (a) For taxable years beginning on or after January 1, 2022, the Franchise Tax Board shall revise the returns required to be filed pursuant to this article as follows:
(1) The Franchise Tax Board shall revise the returns to allow a taxpayer to authorize the Franchise Tax Board to share the information contained in the returns with the Student Aid Commission for purposes of providing the taxpayer with Cal Grant financial aid estimates for the financing of postsecondary education.
(2) The Franchise Tax Board shall revise the returns to allow the taxpayer to specify whether they are requesting financial aid information for themselves, their spouse in the case of a joint return, or a dependent.
(b) (1) The Franchise Tax Board shall consult and develop an information sharing agreement with the Student Aid Commission to facilitate the provision of Cal Grant financial aid estimates to the taxpayer filing a return required to be filed pursuant to this article.
(2) The information sharing agreement shall address the sharing of all of the following information:
(A) Adjusted gross income from all sources.
(B) Family household size.
(C) Taxable assets.
(D) Street address.
(E) Any other financial information necessary to facilitate the provision of Cal Grant financial aid estimates to the taxpayer filing a return required to be filed pursuant to this article.
(c) The Student Aid Commission shall, upon receipt of the information specified in subdivision (a), provide the taxpayer with Cal Grant financial aid estimates for the financing of postsecondary education at the nearest qualifying institution in a manner determined by the commission.
(d) For purposes of this section, the following definitions apply:
(1) Cal Grant financial aid estimate means an estimate of moneys that may be awarded pursuant to Chapter 1.7 (commencing with Section 69430) of Part 42 of Division 5 of Title 3 of the Education Code.
(2) Qualifying institution shall have the same meaning as defined in subdivision (l) of Section 69432.7.