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CA AB2164

Bill

Official Source

Status

Introduced

2/20/2014

Primary Sponsor

Jim Patterson

Click for details

Origin

State Assembly

2013-2014 Session

AI Summary

  • Establishes a California Career Advancement Tax Credit allowing taxpayers to claim a credit equal to 50% of qualified education and training costs for California employees for taxable years 2014-2018
  • Credit capped at $2,500 per qualified employee per year, applying to both personal income tax and corporation tax
  • Qualified education and training includes courses to maintain/improve job skills or to comply with employer or legal requirements for employment retention or compensation
  • Excess credits may be carried forward for up to seven years to offset future tax liability
  • Provision automatically repeals December 1, 2019

Legislative Description

Income taxes: credit: education and training.

Last Action

In committee: Set, first hearing. Hearing canceled at the request of author.

5/5/2014

Committee Referrals

Revenue and Taxation3/6/2014

Full Bill Text

No bill text available