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CA AB2323

Bill

Official Source

Status

Engrossed

5/23/2014

Primary Sponsor

Jeff Gorell

Click for details

Origin

State Assembly

2013-2014 Session

AI Summary

  • Excludes from gross income the value of medals awarded by the International Olympic Committee and prize money or honoraria from the United States Olympic Committee for Olympic or Paralympic games participation
  • Applies to taxable years beginning on or after January 1, 2014 and before January 1, 2022
  • Section automatically repeals on December 1, 2022 unless extended by subsequent legislation enacted before that date
  • Takes effect immediately as a tax levy

Legislative Description

Personal Income Tax Law: gross income exclusion: Olympic and Paralympic games.

Last Action

In committee: Held under submission.

8/14/2014

Committee Referrals

Appropriations6/25/2014
Governance and Finance6/5/2014
Rules5/23/2014
Appropriations5/14/2014
Revenue and Taxation3/20/2014

Full Bill Text

No bill text available