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AB-514 Personal Income Tax Law: retired police dogs: tax credit. (2023-2024)

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Date Published: 02/07/2023 09:00 PM
AB514:v99#DOCUMENT

Revised  March 15, 2023
Corrected  April 20, 2023

CALIFORNIA LEGISLATURE— 2023–2024 REGULAR SESSION

Assembly Bill
No. 514

Introduced by Assembly Members Joe Patterson and Lackey
(Coauthor: Assembly Member Chen)

February 07, 2023

An act to add and repeal Section 17052.3 of the Revenue and Taxation Code, relating to taxation, to take effect immediately, tax levy.


LEGISLATIVE COUNSEL'S DIGEST


AB 514, as introduced, Joe Patterson. Personal Income Tax Law: retired police dogs: tax credit.
The Personal Income Tax Law allows various credits against the taxes imposed by that law. Existing law establishes the continuously appropriated Tax Relief and Refund Account and provides that payments required to be made to taxpayers or other persons from the Personal Income Tax Fund are to be paid from that account.
This bill would, for taxable years beginning on or after January 1, 2025, and before January 1, 2030, allow a credit against the tax imposed by that law in an amount equal to $1,500 to a taxpayer for the adoption of a retired law enforcement dog, as provided. The bill would require the amount of the credit exceeding the taxpayer’s liability to be credited against other amounts due, if any, and would require the balance, upon appropriation, to be paid from the Tax Relief and Refund Account and refunded to the taxpayer.
Existing law requires a bill authorizing a new tax expenditure to contain, among other things, specific goals, purposes, and objectives the tax expenditure will achieve, detailed performance indicators, and data collection requirements.
This bill would include additional information required for any bill authorizing a new tax expenditure.
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 17052.3 is added to the Revenue and Taxation Code, to read:

17052.3.
 (a) For taxable years beginning on or after January 1, 2025, and before January 1, 2030, there shall be allowed as a credit against the “net tax,” as defined in Section 17039, an amount equal to one thousand five hundred dollars ($1,500) to a taxpayer that has adopted one or more qualified dogs during the taxable year.
(b) For purposes of this section, “qualified dog” means a dog that satisfies either of the following:
(1) Was in the service of a California law enforcement agency for at least five years prior to retirement.
(2) Was in the service of a California law enforcement agency for at least three years, and was injured in the line of service.
(c) If the amount allowable as a credit under this section exceeds the tax liability computed under this part for the taxable year, the excess shall be credited against other amounts due, if any, and the balance, if any, shall, upon appropriation by the Legislature, be paid from the Tax Relief and Refund Account and refunded to the taxpayer.
(d) (1) For the purpose of complying with Section 41, the Legislature finds and declares as follows:
(A) The specific goal, purpose, and objective of the credit allowed by this section is to provide an additional incentive for individuals to adopt long-serving law enforcement dogs and provide financial assistance to individuals who do so based on the presumed additional training and veterinary costs that they will incur.
(B) The performance indicator for the Legislature to use in determining if the credit has fulfilled its stated purpose is the number of taxpayers allowed a credit.
(2) (A) By May 1, 2026, and annually thereafter, the Franchise Tax Board shall prepare a report on the number of taxpayers allowed a credit pursuant to this section. The report shall be submitted to the Legislature in accordance with Section 9795 of the Government Code.
(B) The disclosure provisions of this paragraph shall be treated as an exception to Section 19542.
(e) This section shall be in effect only until December 1, 2030, 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.
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REVISIONS:
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CORRECTIONS:
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