California 2021-2022 Regular Session

California Assembly Bill AB259 Compare Versions

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1		-	~~Amended IN Assembly March 08, 2021~~ CALIFORNIA LEGISLATURE 20212022 REGULAR SESSION Assembly Bill No. 259Introduced by Assembly Member DaviesJanuary 15, 2021 An act to add and repeal Section ~~Sections 17054.32 and~~ 23632 of the Revenue and Taxation Code, relating to taxation, to take effect immediately, tax levy. LEGISLATIVE COUNSEL'S DIGESTAB 259, as ~~amended~~, Davies. Protecting Our Restaurants Tax Credit.The ~~Personal Income Tax Law and the~~ Corporation Tax Law allows ~~allow~~ various credits against the tax imposed by that law. Existing law requires any bill authorizing a new tax credit to contain, among other things, specific goals, purposes, and objectives that the tax credit will achieve, detailed performance indicators, and data collection requirements.This bill would allow a credit under the Personal Income Tax Law for taxable years beginning on or after January 1, 2020, and before January 1, 2021, to a qualified taxpayer, as defined, in an amount equal to 50% of the annual fee paid or incurred by the qualified taxpayer for an alcohol license for a qualified establishment during that taxable year. The bill would also allow a credit under the Corporation Tax Law for taxable years beginning on or after January 1, 2020, but ~~and~~ before January 1, 2022~~, 2021~~, to a qualified taxpayer, as defined, in an amount equal to 50% of the annual fee paid or incurred by an owner or operator of the qualified taxpayer for an alcohol license, as defined, during that taxable year. The bill would include additional information required for any bill authorizing a new income tax credit. The bill would also make related findings and declarations.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. This act shall be known, and may be cited, as the Protecting Our Restaurants Tax Credit.SEC. 2. The Legislature finds and declares both of the following:(a) Restaurants have faced a significant financial burden as a result of local ordinances closing businesses due to the COVID-19 pandemic.(b) Financial assistance must be provided to reduce the number of restaurants that must permanently close because of a lack of profit and wages earned as a result of fewer customers.SEC. 3. Section 17054.32 is added to the Revenue and Taxation Code, to read:17054.32. (a) For taxable years beginning on or after January 1, 2020, and before January 1, 2021, there shall be allowed a credit against the net tax, as defined by Section 17039, an amount equal to 50 percent of the annual fee paid or incurred by a qualified taxpayer for an alcohol license for a qualified establishment during that taxable year.(b) For purposes of this section, both of the following definitions apply:(1) Alcohol license means a Type 41 or Type 47 license, as described in paragraphs (31) and (37), respectively, of subdivision (b) of Section 23320 of the Business and Professions Code.(2) Qualified establishment means an establishment that has received an alcohol license.(3) Qualified taxpayer means a taxpayer that owns or operates a qualified establishment.(c) This credit shall be in lieu of any other deduction that the qualified taxpayer may otherwise claim pursuant to this part with respect to the costs paid or incurred by a taxpayer for an alcohol license or permit fee.(d) This section shall remain in effect only until December 1, 2022, and as of that date is repealed.SEC. 3.SEC. 4. Section 23632 is added to the Revenue and Taxation Code, to read:23632. (a) For taxable years beginning on or after January 1, 2020, but ~~and~~ before January 1, 2022~~, 2021~~, there shall be allowed a credit against the tax, as defined by Section 23036, an amount equal to 50 percent of the annual fee paid or incurred by an owner or operator of the qualified taxpayer for an alcohol license during that taxable year.(b) For purposes of this section, both of the following definitions apply:(1) Alcohol license means a Type 41 or Type 47 license, as described in paragraphs (31) and (37), respectively, of subdivision (b) of Section 23320 of the Business and Professions Code.(2) Qualified taxpayer means an establishment that has received an alcohol license.(c) This credit shall be in lieu of any other deduction that the qualified taxpayer may otherwise claim pursuant to this part with respect to the costs paid or incurred by a taxpayer for an alcohol license or permit fee.(d) This section shall remain in effect only until December 1, 2022, and as of that date is repealed.SEC. 4.~~SEC. 5.~~ For purposes of complying with Section 41 of the Revenue and Taxation Code, with respect to ~~Sections 17054.32 and~~ 23632 of the Revenue and Taxation Code as added and repealed by this act (hereafter the credit~~), credits~~), the Legislature finds and declares as follows:(a) The specific goals, purposes, and objectives that the credit ~~credits~~ will achieve are as follows:(1) To relieve part of the significant financial burden that restaurants have faced as a result of local ordinances closing businesses due to the COVID-19 pandemic.(2) To reduce the number of restaurants that must permanently close because of a lack of profit and wages earned due to fewer customers.(b) Detailed performance indicators for the Legislature to use in determining whether the credit meets ~~credits meet~~ those goals, purposes, and objectives shall be the number of taxpayers receiving the credit~~. credits~~.(c) The Legislative Analyst shall collaborate with the Franchise Tax Board to review the effectiveness of the credit and shall publish its findings by December 1, 2023. ~~2022.~~ The review shall include, but is not limited to, an analysis of the demand for the credit ~~credits~~ and the economic impact of the credit.(d) The data collection requirements for determining whether the credit is ~~credits are~~ meeting, failing to meet, or exceeding those specific goals, purposes, and objectives are as follows:(1) To assist the Legislature in determining whether the credit meets ~~credits meet~~ the goals, purposes, and objectives specified in subdivision (a), and in carrying out their duties under subdivision (c), the Legislative Analyst may request information from the Franchise Tax Board.(2) (A) The Franchise Tax Board shall provide any data requested by the Legislative Analyst pursuant to this subdivision.(B) The disclosure provisions of this paragraph shall be treated as an exception to Section 19542 under Article 2 (commencing with 19542) of Chapter 7 of Part 10.2 of Division 2 of the Revenue and Taxation Code.SEC. 5.~~SEC. 6.~~ This act provides for a tax levy within the meaning of Article IV of the California Constitution and shall go into immediate effect.
	1	+	CALIFORNIA LEGISLATURE 20212022 REGULAR SESSION Assembly Bill No. 259Introduced by Assembly Member DaviesJanuary 15, 2021 An act to add and repeal Section 23632 of the Revenue and Taxation Code, relating to taxation, to take effect immediately, tax levy. LEGISLATIVE COUNSEL'S DIGESTAB 259, as introduced, Davies. Protecting Our Restaurants Tax Credit.The Corporation Tax Law allows various credits against the tax imposed by that law. Existing law requires any bill authorizing a new tax credit to contain, among other things, specific goals, purposes, and objectives that the tax credit will achieve, detailed performance indicators, and data collection requirements.This bill would allow a credit under the Corporation Tax Law for taxable years beginning on or after January 1, 2020, but before January 1, 2022, to a qualified taxpayer, as defined, in an amount equal to 50% of the annual fee paid or incurred by an owner or operator of the qualified taxpayer for an alcohol license, as defined, during that taxable year. The bill would include additional information required for any bill authorizing a new income tax credit. The bill would also make related findings and declarations.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. This act shall be known, and may be cited, as the Protecting Our Restaurants Tax Credit.SEC. 2. The Legislature finds and declares both of the following:(a) Restaurants have faced a significant financial burden as a result of local ordinances closing businesses due to the COVID-19 pandemic.(b) Financial assistance must be provided to reduce the number of restaurants that must permanently close because of a lack of profit and wages earned as a result of fewer customers.SEC. 3. Section 23632 is added to the Revenue and Taxation Code, to read:23632. (a) For taxable years beginning on or after January 1, 2020, but before January 1, 2022, there shall be allowed a credit against the tax, as defined by Section 23036, an amount equal to 50 percent of the annual fee paid or incurred by an owner or operator of the qualified taxpayer for an alcohol license during that taxable year.(b) For purposes of this section, both of the following definitions apply:(1) Alcohol license means a Type 41 or Type 47 license, as described in paragraphs (31) and (37), respectively, of subdivision (b) of Section 23320 of the Business and Professions Code.(2) Qualified taxpayer means an establishment that has received an alcohol license.(c) This credit shall be in lieu of any other deduction that the qualified taxpayer may otherwise claim pursuant to this part with respect to the costs paid or incurred by a taxpayer for an alcohol license or permit fee.(d) This section shall remain in effect only until December 1, 2022, and as of that date is repealed.SEC. 4. For purposes of complying with Section 41 of the Revenue and Taxation Code, with respect to 23632 of the Revenue and Taxation Code as added and repealed by this act (hereafter the credit), the Legislature finds and declares as follows:(a) The specific goals, purposes, and objectives that the credit will achieve are as follows:(1) To relieve part of the significant financial burden that restaurants have faced as a result of local ordinances closing businesses due to the COVID-19 pandemic.(2) To reduce the number of restaurants that must permanently close because of a lack of profit and wages earned due to fewer customers.(b) Detailed performance indicators for the Legislature to use in determining whether the credit meets those goals, purposes, and objectives shall be the number of taxpayers receiving the credit.(c) The Legislative Analyst shall collaborate with the Franchise Tax Board to review the effectiveness of the credit and shall publish its findings by December 1, 2023. The review shall include, but is not limited to, an analysis of the demand for the credit and the economic impact of the credit.(d) The data collection requirements for determining whether the credit is meeting, failing to meet, or exceeding those specific goals, purposes, and objectives are as follows:(1) To assist the Legislature in determining whether the credit meets the goals, purposes, and objectives specified in subdivision (a), and in carrying out their duties under subdivision (c), the Legislative Analyst may request information from the Franchise Tax Board.(2) (A) The Franchise Tax Board shall provide any data requested by the Legislative Analyst pursuant to this subdivision.(B) The disclosure provisions of this paragraph shall be treated as an exception to Section 19542 under Article 2 (commencing with 19542) of Chapter 7 of Part 10.2 of Division 2 of the Revenue and Taxation Code.SEC. 5. 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		-	~~Amended IN Assembly March 08, 2021~~ CALIFORNIA LEGISLATURE 20212022 REGULAR SESSION Assembly Bill No. 259Introduced by Assembly Member DaviesJanuary 15, 2021 An act to add and repeal Section ~~Sections 17054.32 and~~ 23632 of the Revenue and Taxation Code, relating to taxation, to take effect immediately, tax levy. LEGISLATIVE COUNSEL'S DIGESTAB 259, as ~~amended~~, Davies. Protecting Our Restaurants Tax Credit.The ~~Personal Income Tax Law and the~~ Corporation Tax Law allows ~~allow~~ various credits against the tax imposed by that law. Existing law requires any bill authorizing a new tax credit to contain, among other things, specific goals, purposes, and objectives that the tax credit will achieve, detailed performance indicators, and data collection requirements.This bill would allow a credit under the Personal Income Tax Law for taxable years beginning on or after January 1, 2020, and before January 1, 2021, to a qualified taxpayer, as defined, in an amount equal to 50% of the annual fee paid or incurred by the qualified taxpayer for an alcohol license for a qualified establishment during that taxable year. The bill would also allow a credit under the Corporation Tax Law for taxable years beginning on or after January 1, 2020, but ~~and~~ before January 1, 2022~~, 2021~~, to a qualified taxpayer, as defined, in an amount equal to 50% of the annual fee paid or incurred by an owner or operator of the qualified taxpayer for an alcohol license, as defined, during that taxable year. The bill would include additional information required for any bill authorizing a new income tax credit. The bill would also make related findings and declarations.This bill would take effect immediately as a tax levy.Digest Key Vote: MAJORITY Appropriation: NO Fiscal Committee: YES Local Program: NO
	3	+	CALIFORNIA LEGISLATURE 20212022 REGULAR SESSION Assembly Bill No. 259Introduced by Assembly Member DaviesJanuary 15, 2021 An act to add and repeal Section 23632 of the Revenue and Taxation Code, relating to taxation, to take effect immediately, tax levy. LEGISLATIVE COUNSEL'S DIGESTAB 259, as introduced, Davies. Protecting Our Restaurants Tax Credit.The Corporation Tax Law allows various credits against the tax imposed by that law. Existing law requires any bill authorizing a new tax credit to contain, among other things, specific goals, purposes, and objectives that the tax credit will achieve, detailed performance indicators, and data collection requirements.This bill would allow a credit under the Corporation Tax Law for taxable years beginning on or after January 1, 2020, but before January 1, 2022, to a qualified taxpayer, as defined, in an amount equal to 50% of the annual fee paid or incurred by an owner or operator of the qualified taxpayer for an alcohol license, as defined, during that taxable year. The bill would include additional information required for any bill authorizing a new income tax credit. The bill would also make related findings and declarations.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 March 08, 2021
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7		-	Amended IN Assembly March 08, 2021
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9	9		CALIFORNIA LEGISLATURE 20212022 REGULAR SESSION
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11	11		Assembly Bill
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13	13		No. 259
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15	15		Introduced by Assembly Member DaviesJanuary 15, 2021
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17	17		Introduced by Assembly Member Davies
18	18		January 15, 2021
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20		-	An act to add and repeal Section ~~Sections 17054.32 and~~ 23632 of the Revenue and Taxation Code, relating to taxation, to take effect immediately, tax levy.
	20	+	An act to add and repeal Section 23632 of the Revenue and Taxation Code, relating to taxation, to take effect immediately, tax levy.
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22	22		LEGISLATIVE COUNSEL'S DIGEST
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24	24		## LEGISLATIVE COUNSEL'S DIGEST
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26		-	AB 259, as ~~amended~~, Davies. Protecting Our Restaurants Tax Credit.
	26	+	AB 259, as introduced, Davies. Protecting Our Restaurants Tax Credit.
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28		-	~~The Personal Income Tax Law and~~ the Corporation Tax Law allows ~~allow~~ various credits against the tax imposed by that law. Existing law requires any bill authorizing a new tax credit to contain, among other things, specific goals, purposes, and objectives that the tax credit will achieve, detailed performance indicators, and data collection requirements.This bill would allow a credit under the Personal Income Tax Law for taxable years beginning on or after January 1, 2020, and before January 1, 2021, to a qualified taxpayer, as defined, in an amount equal to 50% of the annual fee paid or incurred by the qualified taxpayer for an alcohol license for a qualified establishment during that taxable year. The bill would also allow a credit under the Corporation Tax Law for taxable years beginning on or after January 1, 2020, but ~~and~~ before January 1, 2022~~, 2021~~, to a qualified taxpayer, as defined, in an amount equal to 50% of the annual fee paid or incurred by an owner or operator of the qualified taxpayer for an alcohol license, as defined, during that taxable year. The bill would include additional information required for any bill authorizing a new income tax credit. The bill would also make related findings and declarations.This bill would take effect immediately as a tax levy.
	28	+	The Corporation Tax Law allows various credits against the tax imposed by that law. Existing law requires any bill authorizing a new tax credit to contain, among other things, specific goals, purposes, and objectives that the tax credit will achieve, detailed performance indicators, and data collection requirements.This bill would allow a credit under the Corporation Tax Law for taxable years beginning on or after January 1, 2020, but before January 1, 2022, to a qualified taxpayer, as defined, in an amount equal to 50% of the annual fee paid or incurred by an owner or operator of the qualified taxpayer for an alcohol license, as defined, during that taxable year. The bill would include additional information required for any bill authorizing a new income tax credit. The bill would also make related findings and declarations.This bill would take effect immediately as a tax levy.
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30		-	~~The Personal Income Tax Law and~~ the Corporation Tax Law allows ~~allow~~ various credits against the tax imposed by that law. Existing law requires any bill authorizing a new tax credit to contain, among other things, specific goals, purposes, and objectives that the tax credit will achieve, detailed performance indicators, and data collection requirements.
	30	+	The Corporation Tax Law allows various credits against the tax imposed by that law. Existing law requires any bill authorizing a new tax credit to contain, among other things, specific goals, purposes, and objectives that the tax credit will achieve, detailed performance indicators, and data collection requirements.
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32		-	This bill would allow a credit under the Personal Income Tax Law for taxable years beginning on or after January 1, 2020, and before January 1, 2021, to a qualified taxpayer, as defined, in an amount equal to 50% of the annual fee paid or incurred by the qualified taxpayer for an alcohol license for a qualified establishment during that taxable year. The bill would also allow a credit under the Corporation Tax Law for taxable years beginning on or after January 1, 2020, but ~~and~~ before January 1, 2022~~, 2021~~, to a qualified taxpayer, as defined, in an amount equal to 50% of the annual fee paid or incurred by an owner or operator of the qualified taxpayer for an alcohol license, as defined, during that taxable year. The bill would include additional information required for any bill authorizing a new income tax credit. The bill would also make related findings and declarations.
	32	+	This bill would allow a credit under the Corporation Tax Law for taxable years beginning on or after January 1, 2020, but before January 1, 2022, to a qualified taxpayer, as defined, in an amount equal to 50% of the annual fee paid or incurred by an owner or operator of the qualified taxpayer for an alcohol license, as defined, during that taxable year. The bill would include additional information required for any bill authorizing a new income tax credit. The bill would also make related findings and declarations.
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34	34		This bill would take effect immediately as a tax levy.
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36	36		## Digest Key
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38	38		## Bill Text
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40		-	The people of the State of California do enact as follows:SECTION 1. This act shall be known, and may be cited, as the Protecting Our Restaurants Tax Credit.SEC. 2. The Legislature finds and declares both of the following:(a) Restaurants have faced a significant financial burden as a result of local ordinances closing businesses due to the COVID-19 pandemic.(b) Financial assistance must be provided to reduce the number of restaurants that must permanently close because of a lack of profit and wages earned as a result of fewer customers.SEC. 3. Section 17054.32 is added to the Revenue and Taxation Code, to read:17054.32. (a) For taxable years beginning on or after January 1, 2020, and before January 1, 2021, there shall be allowed a credit against the net tax, as defined by Section 17039, an amount equal to 50 percent of the annual fee paid or incurred by a qualified taxpayer for an alcohol license for a qualified establishment during that taxable year.(b) For purposes of this section, both of the following definitions apply:(1) Alcohol license means a Type 41 or Type 47 license, as described in paragraphs (31) and (37), respectively, of subdivision (b) of Section 23320 of the Business and Professions Code.(2) Qualified establishment means an establishment that has received an alcohol license.(3) Qualified taxpayer means a taxpayer that owns or operates a qualified establishment.(c) This credit shall be in lieu of any other deduction that the qualified taxpayer may otherwise claim pursuant to this part with respect to the costs paid or incurred by a taxpayer for an alcohol license or permit fee.(d) This section shall remain in effect only until December 1, 2022, and as of that date is repealed.SEC. 3.SEC. 4. Section 23632 is added to the Revenue and Taxation Code, to read:23632. (a) For taxable years beginning on or after January 1, 2020, but ~~and~~ before January 1, 2022~~, 2021~~, there shall be allowed a credit against the tax, as defined by Section 23036, an amount equal to 50 percent of the annual fee paid or incurred by an owner or operator of the qualified taxpayer for an alcohol license during that taxable year.(b) For purposes of this section, both of the following definitions apply:(1) Alcohol license means a Type 41 or Type 47 license, as described in paragraphs (31) and (37), respectively, of subdivision (b) of Section 23320 of the Business and Professions Code.(2) Qualified taxpayer means an establishment that has received an alcohol license.(c) This credit shall be in lieu of any other deduction that the qualified taxpayer may otherwise claim pursuant to this part with respect to the costs paid or incurred by a taxpayer for an alcohol license or permit fee.(d) This section shall remain in effect only until December 1, 2022, and as of that date is repealed.SEC. 4.~~SEC. 5.~~ For purposes of complying with Section 41 of the Revenue and Taxation Code, with respect to ~~Sections 17054.32 and~~ 23632 of the Revenue and Taxation Code as added and repealed by this act (hereafter the credit~~), credits~~), the Legislature finds and declares as follows:(a) The specific goals, purposes, and objectives that the credit ~~credits~~ will achieve are as follows:(1) To relieve part of the significant financial burden that restaurants have faced as a result of local ordinances closing businesses due to the COVID-19 pandemic.(2) To reduce the number of restaurants that must permanently close because of a lack of profit and wages earned due to fewer customers.(b) Detailed performance indicators for the Legislature to use in determining whether the credit meets ~~credits meet~~ those goals, purposes, and objectives shall be the number of taxpayers receiving the credit~~. credits~~.(c) The Legislative Analyst shall collaborate with the Franchise Tax Board to review the effectiveness of the credit and shall publish its findings by December 1, 2023. ~~2022.~~ The review shall include, but is not limited to, an analysis of the demand for the credit ~~credits~~ and the economic impact of the credit.(d) The data collection requirements for determining whether the credit is ~~credits are~~ meeting, failing to meet, or exceeding those specific goals, purposes, and objectives are as follows:(1) To assist the Legislature in determining whether the credit meets ~~credits meet~~ the goals, purposes, and objectives specified in subdivision (a), and in carrying out their duties under subdivision (c), the Legislative Analyst may request information from the Franchise Tax Board.(2) (A) The Franchise Tax Board shall provide any data requested by the Legislative Analyst pursuant to this subdivision.(B) The disclosure provisions of this paragraph shall be treated as an exception to Section 19542 under Article 2 (commencing with 19542) of Chapter 7 of Part 10.2 of Division 2 of the Revenue and Taxation Code.SEC. 5.~~SEC. 6.~~ This act provides for a tax levy within the meaning of Article IV of the California Constitution and shall go into immediate effect.
	40	+	The people of the State of California do enact as follows:SECTION 1. This act shall be known, and may be cited, as the Protecting Our Restaurants Tax Credit.SEC. 2. The Legislature finds and declares both of the following:(a) Restaurants have faced a significant financial burden as a result of local ordinances closing businesses due to the COVID-19 pandemic.(b) Financial assistance must be provided to reduce the number of restaurants that must permanently close because of a lack of profit and wages earned as a result of fewer customers.SEC. 3. Section 23632 is added to the Revenue and Taxation Code, to read:23632. (a) For taxable years beginning on or after January 1, 2020, but before January 1, 2022, there shall be allowed a credit against the tax, as defined by Section 23036, an amount equal to 50 percent of the annual fee paid or incurred by an owner or operator of the qualified taxpayer for an alcohol license during that taxable year.(b) For purposes of this section, both of the following definitions apply:(1) Alcohol license means a Type 41 or Type 47 license, as described in paragraphs (31) and (37), respectively, of subdivision (b) of Section 23320 of the Business and Professions Code.(2) Qualified taxpayer means an establishment that has received an alcohol license.(c) This credit shall be in lieu of any other deduction that the qualified taxpayer may otherwise claim pursuant to this part with respect to the costs paid or incurred by a taxpayer for an alcohol license or permit fee.(d) This section shall remain in effect only until December 1, 2022, and as of that date is repealed.SEC. 4. For purposes of complying with Section 41 of the Revenue and Taxation Code, with respect to 23632 of the Revenue and Taxation Code as added and repealed by this act (hereafter the credit), the Legislature finds and declares as follows:(a) The specific goals, purposes, and objectives that the credit will achieve are as follows:(1) To relieve part of the significant financial burden that restaurants have faced as a result of local ordinances closing businesses due to the COVID-19 pandemic.(2) To reduce the number of restaurants that must permanently close because of a lack of profit and wages earned due to fewer customers.(b) Detailed performance indicators for the Legislature to use in determining whether the credit meets those goals, purposes, and objectives shall be the number of taxpayers receiving the credit.(c) The Legislative Analyst shall collaborate with the Franchise Tax Board to review the effectiveness of the credit and shall publish its findings by December 1, 2023. The review shall include, but is not limited to, an analysis of the demand for the credit and the economic impact of the credit.(d) The data collection requirements for determining whether the credit is meeting, failing to meet, or exceeding those specific goals, purposes, and objectives are as follows:(1) To assist the Legislature in determining whether the credit meets the goals, purposes, and objectives specified in subdivision (a), and in carrying out their duties under subdivision (c), the Legislative Analyst may request information from the Franchise Tax Board.(2) (A) The Franchise Tax Board shall provide any data requested by the Legislative Analyst pursuant to this subdivision.(B) The disclosure provisions of this paragraph shall be treated as an exception to Section 19542 under Article 2 (commencing with 19542) of Chapter 7 of Part 10.2 of Division 2 of the Revenue and Taxation Code.SEC. 5. 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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42	42		The people of the State of California do enact as follows:
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44	44		## The people of the State of California do enact as follows:
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46	46		SECTION 1. This act shall be known, and may be cited, as the Protecting Our Restaurants Tax Credit.
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48	48		SECTION 1. This act shall be known, and may be cited, as the Protecting Our Restaurants Tax Credit.
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50	50		SECTION 1. This act shall be known, and may be cited, as the Protecting Our Restaurants Tax Credit.
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52	52		### SECTION 1.
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54	54		SEC. 2. The Legislature finds and declares both of the following:(a) Restaurants have faced a significant financial burden as a result of local ordinances closing businesses due to the COVID-19 pandemic.(b) Financial assistance must be provided to reduce the number of restaurants that must permanently close because of a lack of profit and wages earned as a result of fewer customers.
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56	56		SEC. 2. The Legislature finds and declares both of the following:(a) Restaurants have faced a significant financial burden as a result of local ordinances closing businesses due to the COVID-19 pandemic.(b) Financial assistance must be provided to reduce the number of restaurants that must permanently close because of a lack of profit and wages earned as a result of fewer customers.
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58	58		SEC. 2. The Legislature finds and declares both of the following:
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60	60		### SEC. 2.
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62	62		(a) Restaurants have faced a significant financial burden as a result of local ordinances closing businesses due to the COVID-19 pandemic.
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64	64		(b) Financial assistance must be provided to reduce the number of restaurants that must permanently close because of a lack of profit and wages earned as a result of fewer customers.
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66		-	SEC. 3. Section ~~17054.32~~ is added to the Revenue and Taxation Code, to read:~~17054.32~~. (a) For taxable years beginning on or after January 1, 2020, ~~and~~ before January 1, ~~2021~~, there shall be allowed a credit against the ~~net~~ tax, as defined by Section ~~17039~~, an amount equal to 50 percent of the annual fee paid or incurred by a qualified taxpayer for an alcohol license ~~for a qualified establishment~~ during that taxable year.(b) For purposes of this section, both of the following definitions apply:(1) Alcohol license means a Type 41 or Type 47 license, as described in paragraphs (31) and (37), respectively, of subdivision (b) of Section 23320 of the Business and Professions Code.(2) Qualified ~~establishment~~ means an establishment that has received an alcohol license~~.(3) Qualified taxpayer means a taxpayer that owns or operates a qualified establishment~~.(c) This credit shall be in lieu of any other deduction that the qualified taxpayer may otherwise claim pursuant to this part with respect to the costs paid or incurred by a taxpayer for an alcohol license or permit fee.(d) This section shall remain in effect only until December 1, 2022, and as of that date is repealed.
	66	+	SEC. 3. Section 23632 is added to the Revenue and Taxation Code, to read:23632. (a) For taxable years beginning on or after January 1, 2020, but before January 1, 2022, there shall be allowed a credit against the tax, as defined by Section 23036, an amount equal to 50 percent of the annual fee paid or incurred by an owner or operator of the qualified taxpayer for an alcohol license during that taxable year.(b) For purposes of this section, both of the following definitions apply:(1) Alcohol license means a Type 41 or Type 47 license, as described in paragraphs (31) and (37), respectively, of subdivision (b) of Section 23320 of the Business and Professions Code.(2) Qualified taxpayer means an establishment that has received an alcohol license.(c) This credit shall be in lieu of any other deduction that the qualified taxpayer may otherwise claim pursuant to this part with respect to the costs paid or incurred by a taxpayer for an alcohol license or permit fee.(d) This section shall remain in effect only until December 1, 2022, and as of that date is repealed.
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68		-	SEC. 3. Section ~~17054.32~~ is added to the Revenue and Taxation Code, to read:
	68	+	SEC. 3. Section 23632 is added to the Revenue and Taxation Code, to read:
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70	70		### SEC. 3.
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72		-	~~17054.32~~. (a) For taxable years beginning on or after January 1, 2020, ~~and~~ before January 1, ~~2021~~, there shall be allowed a credit against the ~~net~~ tax, as defined by Section ~~17039~~, an amount equal to 50 percent of the annual fee paid or incurred by a qualified taxpayer for an alcohol license ~~for a qualified establishment~~ during that taxable year.(b) For purposes of this section, both of the following definitions apply:(1) Alcohol license means a Type 41 or Type 47 license, as described in paragraphs (31) and (37), respectively, of subdivision (b) of Section 23320 of the Business and Professions Code.(2) Qualified ~~establishment~~ means an establishment that has received an alcohol license~~.(3) Qualified taxpayer means a taxpayer that owns or operates a qualified establishment~~.(c) This credit shall be in lieu of any other deduction that the qualified taxpayer may otherwise claim pursuant to this part with respect to the costs paid or incurred by a taxpayer for an alcohol license or permit fee.(d) This section shall remain in effect only until December 1, 2022, and as of that date is repealed.
	72	+	23632. (a) For taxable years beginning on or after January 1, 2020, but before January 1, 2022, there shall be allowed a credit against the tax, as defined by Section 23036, an amount equal to 50 percent of the annual fee paid or incurred by an owner or operator of the qualified taxpayer for an alcohol license during that taxable year.(b) For purposes of this section, both of the following definitions apply:(1) Alcohol license means a Type 41 or Type 47 license, as described in paragraphs (31) and (37), respectively, of subdivision (b) of Section 23320 of the Business and Professions Code.(2) Qualified taxpayer means an establishment that has received an alcohol license.(c) This credit shall be in lieu of any other deduction that the qualified taxpayer may otherwise claim pursuant to this part with respect to the costs paid or incurred by a taxpayer for an alcohol license or permit fee.(d) This section shall remain in effect only until December 1, 2022, and as of that date is repealed.
73	73
74		-	~~17054.32~~. (a) For taxable years beginning on or after January 1, 2020, ~~and~~ before January 1, ~~2021~~, there shall be allowed a credit against the ~~net~~ tax, as defined by Section ~~17039~~, an amount equal to 50 percent of the annual fee paid or incurred by a qualified taxpayer for an alcohol license ~~for a qualified establishment~~ during that taxable year.(b) For purposes of this section, both of the following definitions apply:(1) Alcohol license means a Type 41 or Type 47 license, as described in paragraphs (31) and (37), respectively, of subdivision (b) of Section 23320 of the Business and Professions Code.(2) Qualified ~~establishment~~ means an establishment that has received an alcohol license~~.(3) Qualified taxpayer means a taxpayer that owns or operates a qualified establishment~~.(c) This credit shall be in lieu of any other deduction that the qualified taxpayer may otherwise claim pursuant to this part with respect to the costs paid or incurred by a taxpayer for an alcohol license or permit fee.(d) This section shall remain in effect only until December 1, 2022, and as of that date is repealed.
	74	+	23632. (a) For taxable years beginning on or after January 1, 2020, but before January 1, 2022, there shall be allowed a credit against the tax, as defined by Section 23036, an amount equal to 50 percent of the annual fee paid or incurred by an owner or operator of the qualified taxpayer for an alcohol license during that taxable year.(b) For purposes of this section, both of the following definitions apply:(1) Alcohol license means a Type 41 or Type 47 license, as described in paragraphs (31) and (37), respectively, of subdivision (b) of Section 23320 of the Business and Professions Code.(2) Qualified taxpayer means an establishment that has received an alcohol license.(c) This credit shall be in lieu of any other deduction that the qualified taxpayer may otherwise claim pursuant to this part with respect to the costs paid or incurred by a taxpayer for an alcohol license or permit fee.(d) This section shall remain in effect only until December 1, 2022, and as of that date is repealed.
75	75
76		-	~~17054.32~~. (a) For taxable years beginning on or after January 1, 2020, ~~and~~ before January 1, ~~2021~~, there shall be allowed a credit against the ~~net~~ tax, as defined by Section ~~17039~~, an amount equal to 50 percent of the annual fee paid or incurred by a qualified taxpayer for an alcohol license ~~for a qualified establishment~~ during that taxable year.(b) For purposes of this section, both of the following definitions apply:(1) Alcohol license means a Type 41 or Type 47 license, as described in paragraphs (31) and (37), respectively, of subdivision (b) of Section 23320 of the Business and Professions Code.(2) Qualified ~~establishment~~ means an establishment that has received an alcohol license~~.(3) Qualified taxpayer means a taxpayer that owns or operates a qualified establishment~~.(c) This credit shall be in lieu of any other deduction that the qualified taxpayer may otherwise claim pursuant to this part with respect to the costs paid or incurred by a taxpayer for an alcohol license or permit fee.(d) This section shall remain in effect only until December 1, 2022, and as of that date is repealed.
	76	+	23632. (a) For taxable years beginning on or after January 1, 2020, but before January 1, 2022, there shall be allowed a credit against the tax, as defined by Section 23036, an amount equal to 50 percent of the annual fee paid or incurred by an owner or operator of the qualified taxpayer for an alcohol license during that taxable year.(b) For purposes of this section, both of the following definitions apply:(1) Alcohol license means a Type 41 or Type 47 license, as described in paragraphs (31) and (37), respectively, of subdivision (b) of Section 23320 of the Business and Professions Code.(2) Qualified taxpayer means an establishment that has received an alcohol license.(c) This credit shall be in lieu of any other deduction that the qualified taxpayer may otherwise claim pursuant to this part with respect to the costs paid or incurred by a taxpayer for an alcohol license or permit fee.(d) This section shall remain in effect only until December 1, 2022, and as of that date is repealed.
77	77
78	78
79	79
80		-	17054.32. (a) For taxable years beginning on or after January 1, 2020, and before January 1, 2021, there shall be allowed a credit against the net tax, as defined by Section 17039, an amount equal to 50 percent of the annual fee paid or incurred by a qualified taxpayer for an alcohol license for a qualified establishment during that taxable year.
81		-
82		-	(b) For purposes of this section, both of the following definitions apply:
83		-
84		-	(1) Alcohol license means a Type 41 or Type 47 license, as described in paragraphs (31) and (37), respectively, of subdivision (b) of Section 23320 of the Business and Professions Code.
85		-
86		-	(2) Qualified establishment means an establishment that has received an alcohol license.
87		-
88		-	(3) Qualified taxpayer means a taxpayer that owns or operates a qualified establishment.
89		-
90		-	(c) This credit shall be in lieu of any other deduction that the qualified taxpayer may otherwise claim pursuant to this part with respect to the costs paid or incurred by a taxpayer for an alcohol license or permit fee.
91		-
92		-	(d) This section shall remain in effect only until December 1, 2022, and as of that date is repealed.
93		-
94		-	SEC. 3.SEC. 4. Section 23632 is added to the Revenue and Taxation Code, to read:23632. (a) For taxable years beginning on or after January 1, 2020, but and before January 1, 2022, 2021, there shall be allowed a credit against the tax, as defined by Section 23036, an amount equal to 50 percent of the annual fee paid or incurred by an owner or operator of the qualified taxpayer for an alcohol license during that taxable year.(b) For purposes of this section, both of the following definitions apply:(1) Alcohol license means a Type 41 or Type 47 license, as described in paragraphs (31) and (37), respectively, of subdivision (b) of Section 23320 of the Business and Professions Code.(2) Qualified taxpayer means an establishment that has received an alcohol license.(c) This credit shall be in lieu of any other deduction that the qualified taxpayer may otherwise claim pursuant to this part with respect to the costs paid or incurred by a taxpayer for an alcohol license or permit fee.(d) This section shall remain in effect only until December 1, 2022, and as of that date is repealed.
95		-
96		-	SEC. 3.SEC. 4. Section 23632 is added to the Revenue and Taxation Code, to read:
97		-
98		-	### SEC. 3.SEC. 4.
99		-
100		-	23632. (a) For taxable years beginning on or after January 1, 2020, but and before January 1, 2022, 2021, there shall be allowed a credit against the tax, as defined by Section 23036, an amount equal to 50 percent of the annual fee paid or incurred by an owner or operator of the qualified taxpayer for an alcohol license during that taxable year.(b) For purposes of this section, both of the following definitions apply:(1) Alcohol license means a Type 41 or Type 47 license, as described in paragraphs (31) and (37), respectively, of subdivision (b) of Section 23320 of the Business and Professions Code.(2) Qualified taxpayer means an establishment that has received an alcohol license.(c) This credit shall be in lieu of any other deduction that the qualified taxpayer may otherwise claim pursuant to this part with respect to the costs paid or incurred by a taxpayer for an alcohol license or permit fee.(d) This section shall remain in effect only until December 1, 2022, and as of that date is repealed.
101		-
102		-	23632. (a) For taxable years beginning on or after January 1, 2020, but and before January 1, 2022, 2021, there shall be allowed a credit against the tax, as defined by Section 23036, an amount equal to 50 percent of the annual fee paid or incurred by an owner or operator of the qualified taxpayer for an alcohol license during that taxable year.(b) For purposes of this section, both of the following definitions apply:(1) Alcohol license means a Type 41 or Type 47 license, as described in paragraphs (31) and (37), respectively, of subdivision (b) of Section 23320 of the Business and Professions Code.(2) Qualified taxpayer means an establishment that has received an alcohol license.(c) This credit shall be in lieu of any other deduction that the qualified taxpayer may otherwise claim pursuant to this part with respect to the costs paid or incurred by a taxpayer for an alcohol license or permit fee.(d) This section shall remain in effect only until December 1, 2022, and as of that date is repealed.
103		-
104		-	23632. (a) For taxable years beginning on or after January 1, 2020, but and before January 1, 2022, 2021, there shall be allowed a credit against the tax, as defined by Section 23036, an amount equal to 50 percent of the annual fee paid or incurred by an owner or operator of the qualified taxpayer for an alcohol license during that taxable year.(b) For purposes of this section, both of the following definitions apply:(1) Alcohol license means a Type 41 or Type 47 license, as described in paragraphs (31) and (37), respectively, of subdivision (b) of Section 23320 of the Business and Professions Code.(2) Qualified taxpayer means an establishment that has received an alcohol license.(c) This credit shall be in lieu of any other deduction that the qualified taxpayer may otherwise claim pursuant to this part with respect to the costs paid or incurred by a taxpayer for an alcohol license or permit fee.(d) This section shall remain in effect only until December 1, 2022, and as of that date is repealed.
105		-
106		-
107		-
108		-	23632. (a) For taxable years beginning on or after January 1, 2020, but and before January 1, 2022, 2021, there shall be allowed a credit against the tax, as defined by Section 23036, an amount equal to 50 percent of the annual fee paid or incurred by an owner or operator of the qualified taxpayer for an alcohol license during that taxable year.
	80	+	23632. (a) For taxable years beginning on or after January 1, 2020, but before January 1, 2022, there shall be allowed a credit against the tax, as defined by Section 23036, an amount equal to 50 percent of the annual fee paid or incurred by an owner or operator of the qualified taxpayer for an alcohol license during that taxable year.
109	81
110	82		(b) For purposes of this section, both of the following definitions apply:
111	83
112	84		(1) Alcohol license means a Type 41 or Type 47 license, as described in paragraphs (31) and (37), respectively, of subdivision (b) of Section 23320 of the Business and Professions Code.
113	85
114	86		(2) Qualified taxpayer means an establishment that has received an alcohol license.
115	87
116	88		(c) This credit shall be in lieu of any other deduction that the qualified taxpayer may otherwise claim pursuant to this part with respect to the costs paid or incurred by a taxpayer for an alcohol license or permit fee.
117	89
118	90		(d) This section shall remain in effect only until December 1, 2022, and as of that date is repealed.
119	91
120		-	SEC. 4~~.SEC. 5~~. For purposes of complying with Section 41 of the Revenue and Taxation Code, with respect to ~~Sections 17054.32 and~~ 23632 of the Revenue and Taxation Code as added and repealed by this act (hereafter the credit~~), credits~~), the Legislature finds and declares as follows:(a) The specific goals, purposes, and objectives that the credit ~~credits~~ will achieve are as follows:(1) To relieve part of the significant financial burden that restaurants have faced as a result of local ordinances closing businesses due to the COVID-19 pandemic.(2) To reduce the number of restaurants that must permanently close because of a lack of profit and wages earned due to fewer customers.(b) Detailed performance indicators for the Legislature to use in determining whether the credit meets ~~credits meet~~ those goals, purposes, and objectives shall be the number of taxpayers receiving the credit~~. credits~~.(c) The Legislative Analyst shall collaborate with the Franchise Tax Board to review the effectiveness of the credit and shall publish its findings by December 1, 2023. ~~2022.~~ The review shall include, but is not limited to, an analysis of the demand for the credit ~~credits~~ and the economic impact of the credit.(d) The data collection requirements for determining whether the credit is ~~credits are~~ meeting, failing to meet, or exceeding those specific goals, purposes, and objectives are as follows:(1) To assist the Legislature in determining whether the credit meets ~~credits meet~~ the goals, purposes, and objectives specified in subdivision (a), and in carrying out their duties under subdivision (c), the Legislative Analyst may request information from the Franchise Tax Board.(2) (A) The Franchise Tax Board shall provide any data requested by the Legislative Analyst pursuant to this subdivision.(B) The disclosure provisions of this paragraph shall be treated as an exception to Section 19542 under Article 2 (commencing with 19542) of Chapter 7 of Part 10.2 of Division 2 of the Revenue and Taxation Code.
	92	+	SEC. 4. For purposes of complying with Section 41 of the Revenue and Taxation Code, with respect to 23632 of the Revenue and Taxation Code as added and repealed by this act (hereafter the credit), the Legislature finds and declares as follows:(a) The specific goals, purposes, and objectives that the credit will achieve are as follows:(1) To relieve part of the significant financial burden that restaurants have faced as a result of local ordinances closing businesses due to the COVID-19 pandemic.(2) To reduce the number of restaurants that must permanently close because of a lack of profit and wages earned due to fewer customers.(b) Detailed performance indicators for the Legislature to use in determining whether the credit meets those goals, purposes, and objectives shall be the number of taxpayers receiving the credit.(c) The Legislative Analyst shall collaborate with the Franchise Tax Board to review the effectiveness of the credit and shall publish its findings by December 1, 2023. The review shall include, but is not limited to, an analysis of the demand for the credit and the economic impact of the credit.(d) The data collection requirements for determining whether the credit is meeting, failing to meet, or exceeding those specific goals, purposes, and objectives are as follows:(1) To assist the Legislature in determining whether the credit meets the goals, purposes, and objectives specified in subdivision (a), and in carrying out their duties under subdivision (c), the Legislative Analyst may request information from the Franchise Tax Board.(2) (A) The Franchise Tax Board shall provide any data requested by the Legislative Analyst pursuant to this subdivision.(B) The disclosure provisions of this paragraph shall be treated as an exception to Section 19542 under Article 2 (commencing with 19542) of Chapter 7 of Part 10.2 of Division 2 of the Revenue and Taxation Code.
121	93
122		-	SEC. 4~~.SEC. 5~~. For purposes of complying with Section 41 of the Revenue and Taxation Code, with respect to ~~Sections 17054.32 and~~ 23632 of the Revenue and Taxation Code as added and repealed by this act (hereafter the credit~~), credits~~), the Legislature finds and declares as follows:(a) The specific goals, purposes, and objectives that the credit ~~credits~~ will achieve are as follows:(1) To relieve part of the significant financial burden that restaurants have faced as a result of local ordinances closing businesses due to the COVID-19 pandemic.(2) To reduce the number of restaurants that must permanently close because of a lack of profit and wages earned due to fewer customers.(b) Detailed performance indicators for the Legislature to use in determining whether the credit meets ~~credits meet~~ those goals, purposes, and objectives shall be the number of taxpayers receiving the credit~~. credits~~.(c) The Legislative Analyst shall collaborate with the Franchise Tax Board to review the effectiveness of the credit and shall publish its findings by December 1, 2023. ~~2022.~~ The review shall include, but is not limited to, an analysis of the demand for the credit ~~credits~~ and the economic impact of the credit.(d) The data collection requirements for determining whether the credit is ~~credits are~~ meeting, failing to meet, or exceeding those specific goals, purposes, and objectives are as follows:(1) To assist the Legislature in determining whether the credit meets ~~credits meet~~ the goals, purposes, and objectives specified in subdivision (a), and in carrying out their duties under subdivision (c), the Legislative Analyst may request information from the Franchise Tax Board.(2) (A) The Franchise Tax Board shall provide any data requested by the Legislative Analyst pursuant to this subdivision.(B) The disclosure provisions of this paragraph shall be treated as an exception to Section 19542 under Article 2 (commencing with 19542) of Chapter 7 of Part 10.2 of Division 2 of the Revenue and Taxation Code.
	94	+	SEC. 4. For purposes of complying with Section 41 of the Revenue and Taxation Code, with respect to 23632 of the Revenue and Taxation Code as added and repealed by this act (hereafter the credit), the Legislature finds and declares as follows:(a) The specific goals, purposes, and objectives that the credit will achieve are as follows:(1) To relieve part of the significant financial burden that restaurants have faced as a result of local ordinances closing businesses due to the COVID-19 pandemic.(2) To reduce the number of restaurants that must permanently close because of a lack of profit and wages earned due to fewer customers.(b) Detailed performance indicators for the Legislature to use in determining whether the credit meets those goals, purposes, and objectives shall be the number of taxpayers receiving the credit.(c) The Legislative Analyst shall collaborate with the Franchise Tax Board to review the effectiveness of the credit and shall publish its findings by December 1, 2023. The review shall include, but is not limited to, an analysis of the demand for the credit and the economic impact of the credit.(d) The data collection requirements for determining whether the credit is meeting, failing to meet, or exceeding those specific goals, purposes, and objectives are as follows:(1) To assist the Legislature in determining whether the credit meets the goals, purposes, and objectives specified in subdivision (a), and in carrying out their duties under subdivision (c), the Legislative Analyst may request information from the Franchise Tax Board.(2) (A) The Franchise Tax Board shall provide any data requested by the Legislative Analyst pursuant to this subdivision.(B) The disclosure provisions of this paragraph shall be treated as an exception to Section 19542 under Article 2 (commencing with 19542) of Chapter 7 of Part 10.2 of Division 2 of the Revenue and Taxation Code.
123	95
124		-	SEC. 4~~.SEC. 5~~. For purposes of complying with Section 41 of the Revenue and Taxation Code, with respect to ~~Sections 17054.32 and~~ 23632 of the Revenue and Taxation Code as added and repealed by this act (hereafter the credit), ~~credits),~~ the Legislature finds and declares as follows:
	96	+	SEC. 4. For purposes of complying with Section 41 of the Revenue and Taxation Code, with respect to 23632 of the Revenue and Taxation Code as added and repealed by this act (hereafter the credit), the Legislature finds and declares as follows:
125	97
126		-	### SEC. 4.~~SEC. 5.~~
	98	+	### SEC. 4.
127	99
128		-	(a) The specific goals, purposes, and objectives that the credit ~~credits~~ will achieve are as follows:
	100	+	(a) The specific goals, purposes, and objectives that the credit will achieve are as follows:
129	101
130	102		(1) To relieve part of the significant financial burden that restaurants have faced as a result of local ordinances closing businesses due to the COVID-19 pandemic.
131	103
132	104		(2) To reduce the number of restaurants that must permanently close because of a lack of profit and wages earned due to fewer customers.
133	105
134		-	(b) Detailed performance indicators for the Legislature to use in determining whether the credit meets ~~credits meet~~ those goals, purposes, and objectives shall be the number of taxpayers receiving the credit. ~~credits.~~
	106	+	(b) Detailed performance indicators for the Legislature to use in determining whether the credit meets those goals, purposes, and objectives shall be the number of taxpayers receiving the credit.
135	107
136		-	(c) The Legislative Analyst shall collaborate with the Franchise Tax Board to review the effectiveness of the credit and shall publish its findings by December 1, 2023. ~~2022.~~ The review shall include, but is not limited to, an analysis of the demand for the credit ~~credits~~ and the economic impact of the credit.
	108	+	(c) The Legislative Analyst shall collaborate with the Franchise Tax Board to review the effectiveness of the credit and shall publish its findings by December 1, 2023. The review shall include, but is not limited to, an analysis of the demand for the credit and the economic impact of the credit.
137	109
138		-	(d) The data collection requirements for determining whether the credit is ~~credits are~~ meeting, failing to meet, or exceeding those specific goals, purposes, and objectives are as follows:
	110	+	(d) The data collection requirements for determining whether the credit is meeting, failing to meet, or exceeding those specific goals, purposes, and objectives are as follows:
139	111
140		-	(1) To assist the Legislature in determining whether the credit meets ~~credits meet~~ the goals, purposes, and objectives specified in subdivision (a), and in carrying out their duties under subdivision (c), the Legislative Analyst may request information from the Franchise Tax Board.
	112	+	(1) To assist the Legislature in determining whether the credit meets the goals, purposes, and objectives specified in subdivision (a), and in carrying out their duties under subdivision (c), the Legislative Analyst may request information from the Franchise Tax Board.
141	113
142	114		(2) (A) The Franchise Tax Board shall provide any data requested by the Legislative Analyst pursuant to this subdivision.
143	115
144	116		(B) The disclosure provisions of this paragraph shall be treated as an exception to Section 19542 under Article 2 (commencing with 19542) of Chapter 7 of Part 10.2 of Division 2 of the Revenue and Taxation Code.
145	117
146		-	SEC. 5~~.SEC. 6~~. This act provides for a tax levy within the meaning of Article IV of the California Constitution and shall go into immediate effect.
	118	+	SEC. 5. This act provides for a tax levy within the meaning of Article IV of the California Constitution and shall go into immediate effect.
147	119
148		-	SEC. 5~~.SEC. 6~~. This act provides for a tax levy within the meaning of Article IV of the California Constitution and shall go into immediate effect.
	120	+	SEC. 5. This act provides for a tax levy within the meaning of Article IV of the California Constitution and shall go into immediate effect.
149	121
150		-	SEC. 5~~.SEC. 6~~. This act provides for a tax levy within the meaning of Article IV of the California Constitution and shall go into immediate effect.
	122	+	SEC. 5. This act provides for a tax levy within the meaning of Article IV of the California Constitution and shall go into immediate effect.
151	123
152		-	### SEC. 5.~~SEC. 6.~~
	124	+	### SEC. 5.