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CA ACA23
CA
Status
Introduced
2/21/2020
Primary Sponsor
Adam Gray
Click for details
AI Summary
- Proposes a constitutional amendment to allow personal income tax to be applied to California lottery prizes of $1,000 or more
- Applies Personal Income Tax Law rates and constitutional income tax rates (including the rates on income above $250,000 until December 1, 2031) to qualifying lottery prizes
- Treats the tax imposition as established under Section 17041 of the Revenue and Taxation Code for purposes of income tax administration and collection
- Requires a two-thirds vote of both houses of the Legislature to pass and must be approved by California voters
- Maintains the existing prohibition on state and local taxes on lottery prizes under $1,000
Legislative Description
Lottery prizes: personal income tax.
Last Action
Referred to Com. on G.O.
6/3/2020
Committee Referrals
Governmental Organization6/3/2020
Full Bill Text
No bill text available