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CA AB2225

Bill

Official Source

Status

Introduced

2/18/2010

Primary Sponsor

Ted Gaines

Click for details

Origin

State Assembly

2009-2010 Session

AI Summary

  • Eliminates the requirement that wage withholding tables produce a sum equal to 10% more than amounts specified prior to November 1, 2009
  • Reduces withholding rate for supplemental wages from 6.6% to 6%
  • Reduces withholding rate for stock options and bonus payments from 10.23% to 9.3%
  • Applies new withholding rates effective upon the bill's passage
  • Takes effect immediately as an urgency statute

Legislative Description

Taxation: wage withholding.

Last Action

In committee: Set, second hearing. Referred to REV. & TAX. suspense file. In committee: Set, second hearing. Held under submission.

5/10/2010

Committee Referrals

Revenue and Taxation3/11/2010

Full Bill Text

No bill text available