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CA SB874

Bill

Official Source

Status

Failed

11/30/2016

Primary Sponsor

Ted Gaines

Click for details

Origin

Senate

2015-2016 Session

AI Summary

  • Increases the dependent exemption credit from $337 (2015 taxable year) to $371 for taxable years beginning on or after January 1, 2016
  • The $371 credit will be adjusted annually for inflation in taxable years beginning on or after January 1, 2017
  • Maintains existing dependent exemption credits of $52 for single individuals, $104 for married couples filing jointly, and $52 for individuals age 65 or older
  • Requires taxpayers to include the identification number of each dependent on their return to claim the dependent credit, with enforcement through mathematical error provisions
  • Takes effect immediately as a tax levy

Legislative Description

Personal Income Tax Law: exemption credit: dependents.

Last Action

From committee without further action.

11/30/2016

Committee Referrals

Appropriations5/3/2016
Governance and Finance3/31/2016
Rules1/14/2016

Full Bill Text

No bill text available