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AB-454 Personal income taxes: exclusion: wrongfully convicted individuals. (2017-2018)

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Date Published: 02/13/2017 02:00 PM
AB454:v99#DOCUMENT


CALIFORNIA LEGISLATURE— 2017–2018 REGULAR SESSION

Assembly Bill No. 454


Introduced by Assembly Member Ridley-Thomas

February 13, 2017


An act to add Section 17156.1 to the Revenue and Taxation Code, relating to taxation, to take effect immediately, tax levy.


LEGISLATIVE COUNSEL'S DIGEST


AB 454, as introduced, Ridley-Thomas. Personal income taxes: exclusion: wrongfully convicted individuals.
The Personal Income Tax Law imposes a tax on taxpayers measured by the taxpayer’s taxable income for the taxable year, but excludes certain items of income from the computation of tax, including an exclusion for an amount received as compensation for having been the victim of a miscarriage of justice by a specific individual that was wrongfully convicted. The Internal Revenue Code excludes from gross income certain amounts received by wrongfully incarcerated individuals.
This bill, for taxable years beginning on or after January 1, 2017, would conform state law to that provision of the Internal Revenue Code.
This bill would take effect immediately as a tax levy.
Vote: MAJORITY   Appropriation: NO   Fiscal Committee: YES   Local Program: NO  

The people of the State of California do enact as follows:


SECTION 1.

 Section 17156.1 is added to the Revenue and Taxation Code, to read:

17156.1.
 For taxable years beginning on or after January 1, 2017, Section 139F of the Internal Revenue Code, relating to certain amounts received by wrongfully incarcerated individuals, shall apply.

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.