Today's Law As Amended

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AB-2259 Personal income taxes: credit: still birth.(2017-2018)



SECTION 1.

 Section 17054.3 is added to the Revenue and Taxation Code, to read:

17054.3.
 (a) For each taxable year beginning on or after January 1, 2018, and before January 1, 2023, there shall be allowed to a taxpayer who holds a Certificate of Still Birth a credit against the “net tax,” as defined in Section 17039, in an amount equal to the actual amount of medical and burial or cremation costs paid or incurred, not to exceed two thousand dollars ($2,000), during the taxable year in which the still birth occurred.
(b) Section 41 does not apply to the credit allowed by this section.
(c) This section shall remain in effect only until December 1, 2023, and as of that date is repealed.
SEC. 2.
 This act provides for a tax levy within the meaning of Article IV of the California Constitution and shall go into immediate effect.