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CA AB1944

Bill

Official Source

Status

Failed

11/30/2016

Primary Sponsor

Brian Jones

Click for details

Origin

State Assembly

2015-2016 Session

AI Summary

  • Excludes from gross income the value of any medal awarded by the International Olympic Committee or International Paralympic Committee for taxable years beginning January 1, 2016 through December 31, 2020.

  • Excludes from gross income any prize money or honoraria received from the United States Olympic Committee on account of the Olympic Games or Paralympic Games during the specified period.

  • Takes effect immediately as a tax levy.

  • Automatically repeals on December 1, 2021.

Legislative Description

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

Last Action

From Senate committee without further action.

11/30/2016

Committee Referrals

Appropriations6/22/2016
Governance and Finance6/9/2016
Rules6/1/2016
Appropriations5/12/2016
Revenue and Taxation2/25/2016

Full Bill Text

No bill text available