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CA AB2519
Bill
Status
Introduced
2/21/2014
Primary Sponsor
Jim Patterson
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AI Summary
- Allows a tax credit equal to 15% of tuition paid for education and training at vocational institutions for the taxpayer or their dependent, not to exceed $2,500 per year
- Applies to taxable years beginning on or after January 1, 2015 and before January 1, 2020
- Defines "vocational institution" as a private postsecondary institution granting only certificates or associate degrees
- Allows unused credits to carry over to the following year and up to seven succeeding years until exhausted
- Credit is not allowed if tuition is deducted as a business expense or paid with Golden State Scholarshare College Savings Account distributions; the credit section expires December 1, 2020
Legislative Description
Personal income taxes: credit: education expenses.
Last Action
Joint Rule 62(a), file notice suspended. (Page 5065.) In committee: Set, second hearing. Held under submission.
5/23/2014
Committee Referrals
Appropriations5/14/2014
Revenue and Taxation3/13/2014
Full Bill Text
No bill text available