California Senate Bill 1374
Session 20212022
Personal income taxes: deduction: California qualified tuition program.
Active
Vetoed by Governor on Sep 28, 2022
Origin Chamber
Senate
Type
Bill
Bill Number
1374
State
California
Session
20212022
Andreas Borgeas
grade
Author
Motion Text
Unfinished Business SB1374 Borgeas Concurrence
Senate Roll Call Votes
Yes
Yes
Dahle
Yes
Yes
Yes
Gonzalez
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Rubio
Yes
Yes
Summary
The Personal Income Tax Law, in modified conformity with federal income tax law, excludes from the gross income of a beneficiary of, or contributor to, a qualified tuition program, which includes a Golden State Scholarshare College Savings Trust, distributions or earnings under that program, as specified.
This bill, for taxable years beginning before January 1, 2027, would allow under that law a deduction against gross income in the amount equal to the monetary contribution made by a qualified taxpayer, as defined, to the California qualified tuition program established pursuant to the Golden State Scholarshare Trust Act not to exceed either $1,000 or $2,000, per beneficiary, as provided. The bill would require, with exceptions, in the case of any distribution in excess of qualified higher education expenses, as defined, the aggregate amount of the deduction allowed that reduced the qualified taxpayer's gross income in any taxable year to be added to the gross income of the qualified taxpayer in the taxable year of the distribution, as provided. The bill would provide that the deduction is only operative for taxable years for which an appropriation is made for its purposes in the annual Budget Act or other statute.
Existing law requires any bill authorizing a new tax expenditure to contain, among other things, specific goals, purposes, and objectives the tax expenditure will achieve, detailed performance indicators, and data collection requirements.
This bill would also include additional information required for any bill authorizing a new tax expenditure.
This bill would take effect immediately as a tax levy.
02/18/22 - Introduced
February 18, 2022
04/18/22 - Amended Senate
April 18, 2022
05/19/22 - Amended Senate
May 19, 2022
08/15/22 - Amended Assembly
August 15, 2022
08/29/22 - Enrolled
August 29, 2022
04/18/22- Senate Governance and Finance
April 18, 2022
04/29/22- Senate Appropriations
April 29, 2022
05/19/22- Senate Appropriations
May 19, 2022
05/23/22- Sen. Floor Analyses
May 23, 2022
06/17/22- Assembly Revenue and Taxation
June 17, 2022
06/29/22- Assembly Revenue and Taxation
June 29, 2022
08/09/22- Assembly Appropriations
August 9, 2022
08/18/22- ASSEMBLY FLOOR ANALYSIS
August 18, 2022
08/22/22- Sen. Floor Analyses
August 22, 2022
10/17/22- Sen. Floor Analyses
October 17, 2022
Sort by most recent
09/28/2022
Senate
In Senate. Consideration of Governor's veto pending.
09/28/2022
Senate
Vetoed by the Governor.
09/06/2022
California State Legislature
Enrolled and presented to the Governor at 3:30 p.m.
08/25/2022
Senate
Assembly amendments concurred in. (Ayes 40. Noes 0. Page 5137.) Ordered to engrossing and enrolling.
08/22/2022
Senate
In Senate. Concurrence in Assembly amendments pending.
08/22/2022
Assembly
Read third time. Passed. (Ayes 77. Noes 0. Page 6022.) Ordered to the Senate.
08/16/2022
Assembly
Read second time. Ordered to third reading.
08/15/2022
Assembly
Read second time and amended. Ordered to second reading.
08/11/2022
Assembly
From committee: Do pass as amended. (Ayes 12. Noes 0.) (August 11).
08/11/2022
Assembly
Joint Rule 62(a) suspended.
08/10/2022
Assembly
August 10 set for first hearing. Placed on suspense file.
08/03/2022
Assembly
August 3 hearing postponed by committee.
06/30/2022
Assembly
From committee: Do pass and re-refer to Com. on APPR. (Ayes 11. Noes 0.) (June 30). Re-referred to Com. on APPR.
06/29/2022
Assembly
Joint Rule 62(a) suspended.
06/20/2022
Assembly
June 20 hearing: Heard for testimony only.
06/02/2022
Assembly
Referred to Com. on REV. & TAX.
05/27/2022
Assembly
In Assembly. Read first time. Held at Desk.
05/26/2022
Senate
Read third time. Passed. (Ayes 38. Noes 0. Page 3987.) Ordered to the Assembly.
05/24/2022
Senate
Ordered to special consent calendar.
05/23/2022
Senate
Read second time. Ordered to third reading.
05/19/2022
Senate
Read second time and amended. Ordered to second reading.
05/19/2022
Senate
From committee: Do pass as amended. (Ayes 7. Noes 0. Page 3794.) (May 19).
05/13/2022
Senate
Set for hearing May 19.
05/02/2022
Senate
May 2 hearing: Placed on APPR suspense file.
04/22/2022
Senate
Set for hearing May 2.
04/20/2022
Senate
From committee: Do pass and re-refer to Com. on APPR. (Ayes 5. Noes 0. Page 3460.) (April 20). Re-referred to Com. on APPR.
04/18/2022
Senate
From committee with author's amendments. Read second time and amended. Re-referred to Com. on GOV. & F.
04/14/2022
Senate
Set for hearing April 20.
04/13/2022
Senate
April 21 hearing postponed by committee.
04/05/2022
Senate
Set for hearing April 21.
03/17/2022
Senate
Referred to Com. on GOV. & F.
02/22/2022
Senate
(Corrected March 2.)
02/22/2022
Senate
From printer.
02/18/2022
Senate
Article IV Section 8(a) of the Constitution and Joint Rule 55 dispensed with February 7, 2022, suspending the 30 calendar day requirement.
02/18/2022
Senate
Introduced. Read first time. To Com. on RLS. for assignment. To print.
Sources
Record Created
Feb 19, 2022 12:17:57 PM
Record Updated
Nov 18, 2022 12:24:48 PM