CA SB1148

Allows California taxpayers a deduction for qualified tuition and related educational expenses paid during the taxable year for enrollment at accredited postsecondary institutions for themselves, their spouse, or dependents for taxable years beginning January 1, 2016 through December 31, 2020.

Conforms California Personal Income Tax Law to federal Internal Revenue Code Section 222 with the modification that the federal termination provision does not apply during this five-year period.

Replaces references to the federal "Secretary" with the California "Franchise Tax Board" for administration of the deduction.

Repeals the existing Section 17204.7 and enacts new provisions, with the section set to expire on December 1, 2021.

Takes effect immediately as a tax levy under the California Constitution.