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AB-778 Community development investment tax credits.(2017-2018)

Senate:1stCmt2nd3rdPass
Assembly:1stCmt2ndCmt2nd3rdPassPassVeto
Bill Status
AB-778
Caballero (A) , Ridley-Thomas (A)
-
Cooley (A) , Limón (A) , Mendoza (S)
Community development investment tax credits.
03/18/17
An act to add and repeal Sections 12209.8, 17053.58, and 23658 of the Revenue and Taxation Code, relating to taxation, to take effect immediately, tax levy.
Assembly
09/13/17
06/29/17

Type of Measure
Active Bill - In Desk Process
Majority Vote Required
Non-Appropriation
Fiscal Committee
Non-State-Mandated Local Program
Urgency
Tax levy
Last 5 History Actions
Date Action
01/12/18 Stricken from file.
01/03/18 Consideration of Governor's veto pending.
10/06/17 Vetoed by Governor.
09/19/17 Enrolled and presented to the Governor at 3 p.m.
09/11/17 Senate amendments concurred in. To Engrossing and Enrolling. (Ayes 77. Noes 0. Page 3108.).
Governor's Veto Message
To the Members of the California State Assembly:

I am returning the following two bills without my signature:

Assembly Bill 778
Senate Bill 289

Both of these bills create a new tax break. These bills are an end run of the budget process, and would commit us to spending more than eight million dollars through
2018-19.

The budget process allows for all tax break proposals to be weighed equally through public hearings, negotiations and, finally, approval of a balanced budget. As I said last year, I believe this is the best way to evaluate and prioritize all new spending proposals, including those that create new tax breaks.

Sincerely,



Edmund G. Brown Jr.