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CA AB1786

Bill

Official Source

Status

Engrossed

5/25/2012

Primary Sponsor

Curt Hagman

Click for details

Origin

State Assembly

2011-2012 Session

AI Summary

  • Excludes from gross income the value of any prize or award won by a taxpayer in the Olympic Games
  • Applies retroactively to prizes and awards received on or after January 1, 2012
  • Takes effect immediately as a tax levy under Article IV of the California Constitution
  • Amends Section 17132.10 of the Revenue and Taxation Code

Legislative Description

Personal Income Tax Law: gross income exclusion:

Last Action

From committee: Do pass and re-refer to Com. on APPR. (Ayes 5. Noes 2.) (August 16). Re-referred to Com. on APPR. In committee: Set, first hearing. Referred to APPR. suspense file. In committee: Held under submission.

8/16/2012

Committee Referrals

Appropriations6/15/2012
Rules5/25/2012
Appropriations4/25/2012
Water, Parks and Wildlife3/1/2012

Full Bill Text

No bill text available