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CA AB1735

Bill

Official Source

Status

Introduced

2/4/2010

Primary Sponsor

Joel Anderson

Click for details

Origin

State Assembly

2009-2010 Session

AI Summary

  • Allows a 50% tax credit for costs paid or incurred for education and training beginning in taxable year 2010 under both Personal Income Tax Law and Corporation Tax Law
  • Covers education or training for employees to maintain or improve job skills, and education required by employers or regulations to retain employment, status, or compensation
  • Excess credits exceeding annual tax liability may be carried forward to following years until exhausted
  • Disallows deductions for expenses claimed as credits under this section
  • Takes effect immediately as a tax levy

Legislative Description

Income tax credits: education and training.

Last Action

In committee: Set, final hearing. Held under submission.

5/10/2010

Committee Referrals

Revenue and Taxation2/18/2010

Full Bill Text

No bill text available