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| 1 | + | CALIFORNIA LEGISLATURE 20212022 REGULAR SESSION Senate Bill No. 610Introduced by Senator Grove(Coauthor: Senator Ochoa Bogh)February 18, 2021 An act to add Section 17055.1 to the Revenue and Taxation Code, relating to taxation, to take effect immediately, tax levy. LEGISLATIVE COUNSEL'S DIGESTSB 610, as introduced, Grove. Personal income tax: credit: virtual learning costs: dependent of the taxpayer.The Personal Income Tax Law allows various credits against the taxes imposed by that law. Existing law requires any bill authorizing a new tax expenditure to contain, among other things, specific goals, purposes, and objectives that the tax expenditure will achieve, detailed performance indicators, and data collection requirements.This bill would allow a credit against those taxes for each taxable year beginning on or after January 1, 2021, in an amount equal to the amount paid or incurred by a taxpayer during the taxable year for qualified costs, as defined, related to virtual learning for a qualified dependent, as defined, not to exceed $2,250. This bill would also state the intent of the Legislature to comply with the additional information requirement for any bill authorizing a new income tax expenditure.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 17055.1 is added to the Revenue and Taxation Code, to read:17055.1. (a) For each taxable year beginning on or after January 1, 2021, there shall be allowed as a credit against the net tax, as defined in Section 17039, an amount equal to the amount paid or incurred by a taxpayer during the taxable year for qualified costs related to virtual learning for a qualified dependent, not to exceed two thousand two hundred fifty dollars ($2,250).(b) For purposes of this section, both of the following shall apply: (1) Qualified costs means all of the following:(A) Tutoring services.(B) Special needs services.(C) Books and supplies.(D) Computer equipment, including related software, services, and other equipment.(2) Qualified dependent means a dependent of the taxpayer who is an elementary or secondary school student.(c) In the case where the credit allowed by this section exceeds the net tax, the excess may be carried over to reduce the net tax in the following taxable year, and succeeding years if necessary, until the credit is exhausted.SEC. 2. It is the intent of the Legislature to comply with Section 41 of the Revenue and Taxation Code.SEC. 3. 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 20212022 REGULAR SESSION Senate Bill No. 610Introduced by Senator Grove(Coauthor: Senator Ochoa Bogh)February 18, 2021 An act to add Section 17055.1 to the Revenue and Taxation Code, relating to taxation, to take effect immediately, tax levy. LEGISLATIVE COUNSEL'S DIGESTSB 610, as introduced, Grove. Personal income tax: credit: virtual learning costs: dependent of the taxpayer.The Personal Income Tax Law allows various credits against the taxes imposed by that law. Existing law requires any bill authorizing a new tax expenditure to contain, among other things, specific goals, purposes, and objectives that the tax expenditure will achieve, detailed performance indicators, and data collection requirements.This bill would allow a credit against those taxes for each taxable year beginning on or after January 1, 2021, in an amount equal to the amount paid or incurred by a taxpayer during the taxable year for qualified costs, as defined, related to virtual learning for a qualified dependent, as defined, not to exceed $2,250. This bill would also state the intent of the Legislature to comply with the additional information requirement for any bill authorizing a new income tax expenditure.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 Senate April 05, 2021 | |
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| 7 | - | Amended IN Senate April 05, 2021 | |
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| 7 | + | ||
| 8 | 8 | ||
| 9 | 9 | CALIFORNIA LEGISLATURE 20212022 REGULAR SESSION | |
| 10 | 10 | ||
| 11 | 11 | Senate Bill | |
| 12 | 12 | ||
| 13 | 13 | No. 610 | |
| 14 | 14 | ||
| 15 | 15 | Introduced by Senator Grove(Coauthor: Senator Ochoa Bogh)February 18, 2021 | |
| 16 | 16 | ||
| 17 | 17 | Introduced by Senator Grove(Coauthor: Senator Ochoa Bogh) | |
| 18 | 18 | February 18, 2021 | |
| 19 | 19 | ||
| 20 | 20 | An act to add Section 17055.1 to the Revenue and Taxation Code, relating to taxation, to take effect immediately, tax levy. | |
| 21 | 21 | ||
| 22 | 22 | LEGISLATIVE COUNSEL'S DIGEST | |
| 23 | 23 | ||
| 24 | 24 | ## LEGISLATIVE COUNSEL'S DIGEST | |
| 25 | 25 | ||
| 26 | - | SB 610, as | |
| 26 | + | SB 610, as introduced, Grove. Personal income tax: credit: virtual learning costs: dependent of the taxpayer. | |
| 27 | 27 | ||
| 28 | - | The Personal Income Tax Law allows various credits against the taxes imposed by that law. Existing law requires any bill authorizing a new tax expenditure to contain, among other things, specific goals, purposes, and objectives that the tax expenditure will achieve, detailed performance indicators, and data collection requirements.This bill would allow a credit against those taxes for each taxable year beginning on or after January 1, 2021, | |
| 28 | + | The Personal Income Tax Law allows various credits against the taxes imposed by that law. Existing law requires any bill authorizing a new tax expenditure to contain, among other things, specific goals, purposes, and objectives that the tax expenditure will achieve, detailed performance indicators, and data collection requirements.This bill would allow a credit against those taxes for each taxable year beginning on or after January 1, 2021, in an amount equal to the amount paid or incurred by a taxpayer during the taxable year for qualified costs, as defined, related to virtual learning for a qualified dependent, as defined, not to exceed $2,250. This bill would also state the intent of the Legislature to comply with the additional information requirement for any bill authorizing a new income tax expenditure.This bill would take effect immediately as a tax levy. | |
| 29 | 29 | ||
| 30 | 30 | The Personal Income Tax Law allows various credits against the taxes imposed by that law. Existing law requires any bill authorizing a new tax expenditure to contain, among other things, specific goals, purposes, and objectives that the tax expenditure will achieve, detailed performance indicators, and data collection requirements. | |
| 31 | 31 | ||
| 32 | - | This bill would allow a credit against those taxes for each taxable year beginning on or after January 1, 2021, | |
| 32 | + | This bill would allow a credit against those taxes for each taxable year beginning on or after January 1, 2021, in an amount equal to the amount paid or incurred by a taxpayer during the taxable year for qualified costs, as defined, related to virtual learning for a qualified dependent, as defined, not to exceed $2,250. This bill would also state the intent of the Legislature to comply with the additional information requirement for any bill authorizing a new income tax expenditure. | |
| 33 | 33 | ||
| 34 | 34 | This bill would take effect immediately as a tax levy. | |
| 35 | 35 | ||
| 36 | 36 | ## Digest Key | |
| 37 | 37 | ||
| 38 | 38 | ## Bill Text | |
| 39 | 39 | ||
| 40 | - | The people of the State of California do enact as follows:SECTION 1. Section 17055.1 is added to the Revenue and Taxation Code, to read:17055.1. (a) For each taxable year beginning on or after January 1, 2021, | |
| 40 | + | The people of the State of California do enact as follows:SECTION 1. Section 17055.1 is added to the Revenue and Taxation Code, to read:17055.1. (a) For each taxable year beginning on or after January 1, 2021, there shall be allowed as a credit against the net tax, as defined in Section 17039, an amount equal to the amount paid or incurred by a taxpayer during the taxable year for qualified costs related to virtual learning for a qualified dependent, not to exceed two thousand two hundred fifty dollars ($2,250).(b) For purposes of this section, both of the following shall apply: (1) Qualified costs means all of the following:(A) Tutoring services.(B) Special needs services.(C) Books and supplies.(D) Computer equipment, including related software, services, and other equipment.(2) Qualified dependent means a dependent of the taxpayer who is an elementary or secondary school student.(c) In the case where the credit allowed by this section exceeds the net tax, the excess may be carried over to reduce the net tax in the following taxable year, and succeeding years if necessary, until the credit is exhausted.SEC. 2. It is the intent of the Legislature to comply with Section 41 of the Revenue and Taxation Code.SEC. 3. This act provides for a tax levy within the meaning of Article IV of the California Constitution and shall go into immediate effect. | |
| 41 | 41 | ||
| 42 | 42 | The people of the State of California do enact as follows: | |
| 43 | 43 | ||
| 44 | 44 | ## The people of the State of California do enact as follows: | |
| 45 | 45 | ||
| 46 | - | SECTION 1. Section 17055.1 is added to the Revenue and Taxation Code, to read:17055.1. (a) For each taxable year beginning on or after January 1, 2021, | |
| 46 | + | SECTION 1. Section 17055.1 is added to the Revenue and Taxation Code, to read:17055.1. (a) For each taxable year beginning on or after January 1, 2021, there shall be allowed as a credit against the net tax, as defined in Section 17039, an amount equal to the amount paid or incurred by a taxpayer during the taxable year for qualified costs related to virtual learning for a qualified dependent, not to exceed two thousand two hundred fifty dollars ($2,250).(b) For purposes of this section, both of the following shall apply: (1) Qualified costs means all of the following:(A) Tutoring services.(B) Special needs services.(C) Books and supplies.(D) Computer equipment, including related software, services, and other equipment.(2) Qualified dependent means a dependent of the taxpayer who is an elementary or secondary school student.(c) In the case where the credit allowed by this section exceeds the net tax, the excess may be carried over to reduce the net tax in the following taxable year, and succeeding years if necessary, until the credit is exhausted. | |
| 47 | 47 | ||
| 48 | 48 | SECTION 1. Section 17055.1 is added to the Revenue and Taxation Code, to read: | |
| 49 | 49 | ||
| 50 | 50 | ### SECTION 1. | |
| 51 | 51 | ||
| 52 | - | 17055.1. (a) For each taxable year beginning on or after January 1, 2021 | |
| 52 | + | 17055.1. (a) For each taxable year beginning on or after January 1, 2021, there shall be allowed as a credit against the net tax, as defined in Section 17039, an amount equal to the amount paid or incurred by a taxpayer during the taxable year for qualified costs related to virtual learning for a qualified dependent, not to exceed two thousand two hundred fifty dollars ($2,250).(b) For purposes of this section, both of the following shall apply: (1) Qualified costs means all of the following:(A) Tutoring services.(B) Special needs services.(C) Books and supplies.(D) Computer equipment, including related software, services, and other equipment.(2) Qualified dependent means a dependent of the taxpayer who is an elementary or secondary school student.(c) In the case where the credit allowed by this section exceeds the net tax, the excess may be carried over to reduce the net tax in the following taxable year, and succeeding years if necessary, until the credit is exhausted. | |
| 53 | 53 | ||
| 54 | - | 17055.1. (a) For each taxable year beginning on or after January 1, 2021 | |
| 54 | + | 17055.1. (a) For each taxable year beginning on or after January 1, 2021, there shall be allowed as a credit against the net tax, as defined in Section 17039, an amount equal to the amount paid or incurred by a taxpayer during the taxable year for qualified costs related to virtual learning for a qualified dependent, not to exceed two thousand two hundred fifty dollars ($2,250).(b) For purposes of this section, both of the following shall apply: (1) Qualified costs means all of the following:(A) Tutoring services.(B) Special needs services.(C) Books and supplies.(D) Computer equipment, including related software, services, and other equipment.(2) Qualified dependent means a dependent of the taxpayer who is an elementary or secondary school student.(c) In the case where the credit allowed by this section exceeds the net tax, the excess may be carried over to reduce the net tax in the following taxable year, and succeeding years if necessary, until the credit is exhausted. | |
| 55 | 55 | ||
| 56 | - | 17055.1. (a) For each taxable year beginning on or after January 1, 2021 | |
| 56 | + | 17055.1. (a) For each taxable year beginning on or after January 1, 2021, there shall be allowed as a credit against the net tax, as defined in Section 17039, an amount equal to the amount paid or incurred by a taxpayer during the taxable year for qualified costs related to virtual learning for a qualified dependent, not to exceed two thousand two hundred fifty dollars ($2,250).(b) For purposes of this section, both of the following shall apply: (1) Qualified costs means all of the following:(A) Tutoring services.(B) Special needs services.(C) Books and supplies.(D) Computer equipment, including related software, services, and other equipment.(2) Qualified dependent means a dependent of the taxpayer who is an elementary or secondary school student.(c) In the case where the credit allowed by this section exceeds the net tax, the excess may be carried over to reduce the net tax in the following taxable year, and succeeding years if necessary, until the credit is exhausted. | |
| 57 | 57 | ||
| 58 | 58 | ||
| 59 | 59 | ||
| 60 | - | 17055.1. (a) For each taxable year beginning on or after January 1, 2021 | |
| 60 | + | 17055.1. (a) For each taxable year beginning on or after January 1, 2021, there shall be allowed as a credit against the net tax, as defined in Section 17039, an amount equal to the amount paid or incurred by a taxpayer during the taxable year for qualified costs related to virtual learning for a qualified dependent, not to exceed two thousand two hundred fifty dollars ($2,250). | |
| 61 | 61 | ||
| 62 | - | (b) For purposes of this section, both | |
| 62 | + | (b) For purposes of this section, both of the following shall apply: | |
| 63 | 63 | ||
| 64 | - | (1) Qualified costs means | |
| 64 | + | (1) Qualified costs means all of the following: | |
| 65 | 65 | ||
| 66 | 66 | (A) Tutoring services. | |
| 67 | 67 | ||
| 68 | 68 | (B) Special needs services. | |
| 69 | 69 | ||
| 70 | 70 | (C) Books and supplies. | |
| 71 | 71 | ||
| 72 | - | (D) Computer equipment, including related software, | |
| 72 | + | (D) Computer equipment, including related software, services, and other equipment. | |
| 73 | 73 | ||
| 74 | - | (2) Qualified dependent means a dependent of the | |
| 74 | + | (2) Qualified dependent means a dependent of the taxpayer who is an elementary or secondary school student. | |
| 75 | 75 | ||
| 76 | - | (3) Qualified taxpayer means an individual whose adjusted gross income is either of the following: | |
| 77 | - | ||
| 78 | - | (A) In the case of spouses filing a joint return, heads of household, and surviving spouses, as defined in Section 17046, one hundred fifty thousand dollars ($150,000) or less for that taxable year. | |
| 79 | - | ||
| 80 | - | (B) For all other individuals, seventy-five thousand dollars ($75,000) or less for that taxable year. | |
| 81 | - | ||
| 82 | - | (c) In the case where the credit allowed by this section exceeds the net tax, the excess may be carried over to reduce the net tax in the following taxable year, and succeeding six years if necessary, until the credit is exhausted. | |
| 76 | + | (c) In the case where the credit allowed by this section exceeds the net tax, the excess may be carried over to reduce the net tax in the following taxable year, and succeeding years if necessary, until the credit is exhausted. | |
| 83 | 77 | ||
| 84 | 78 | SEC. 2. It is the intent of the Legislature to comply with Section 41 of the Revenue and Taxation Code. | |
| 85 | 79 | ||
| 86 | 80 | SEC. 2. It is the intent of the Legislature to comply with Section 41 of the Revenue and Taxation Code. | |
| 87 | 81 | ||
| 88 | 82 | SEC. 2. It is the intent of the Legislature to comply with Section 41 of the Revenue and Taxation Code. | |
| 89 | 83 | ||
| 90 | 84 | ### SEC. 2. | |
| 91 | 85 | ||
| 92 | 86 | SEC. 3. This act provides for a tax levy within the meaning of Article IV of the California Constitution and shall go into immediate effect. | |
| 93 | 87 | ||
| 94 | 88 | SEC. 3. This act provides for a tax levy within the meaning of Article IV of the California Constitution and shall go into immediate effect. | |
| 95 | 89 | ||
| 96 | 90 | SEC. 3. This act provides for a tax levy within the meaning of Article IV of the California Constitution and shall go into immediate effect. | |
| 97 | 91 | ||
| 98 | 92 | ### SEC. 3. |