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CA SB1003

Bill

Official Source

Status

Engrossed

4/24/2014

Primary Sponsor

Noreen Evans

Click for details

Origin

Senate

2013-2014 Session

AI Summary

  • Excludes from gross income any student loan indebtedness repaid or canceled by the U.S. Secretary of Education pursuant to federal law (20 U.S.C. § 1098e) for taxable years beginning on or after January 1, 2014

  • Takes effect immediately as a tax levy

  • Fiscal committee review required

  • Original horse racing provisions were removed by assembly amendment on June 30, 2014

Legislative Description

Personal Income Tax Law: cancellation of indebtedness: student loan forgiveness.

Last Action

Re-referred to Com. on RLS. pursuant to Assembly Rule 96(a).

7/3/2014

Committee Referrals

Rules7/3/2014
Governmental Organization6/30/2014
Governmental Organization2/27/2014
Rules2/13/2014

Full Bill Text

No bill text available