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SB-539 Cal Grants: taxes: credits: College Access Tax Credit.(2017-2018)

Senate:1stCmt2ndCmt2nd3rdPassCmtPassVeto
Assembly:1stCmt2ndCmt2nd3rdPass
Bill Status
SB-539
De León (S) , Portantino (S)
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Cal Grants: taxes: credits: College Access Tax Credit.
03/19/17
An act to add Section 69431.8 to the Education Code, and to amend Sections 12207, 17053.87, and 23687 of the Revenue and Taxation Code, relating to education finance, to take effect immediately, tax levy.
Senate
09/07/18
08/20/18

Type of Measure
Active Bill - In Floor Process
Majority Vote Required
Non-Appropriation
Fiscal Committee
Non-State-Mandated Local Program
Urgency
Tax levy
Last 5 History Actions
Date Action
11/30/18 Last day to consider Governor’s veto pursuant to Joint Rule 58.5.
09/29/18 In Senate. Consideration of Governor's veto pending.
09/29/18 Vetoed by the Governor.
09/12/18 Enrolled and presented to the Governor at 5 p.m.
08/31/18 Assembly amendments concurred in. (Ayes 37. Noes 1. Page 6168.) Ordered to engrossing and enrolling.
Governor's Veto Message
To the Members of the California State Senate:

I am returning SB 539 without my signature.

This bill would increase the amount of tax credit that taxpayers can claim when paying into the College Access Tax Credit Fund, as well as increase the total aggregate amount of credits that can be claimed.

This measure started as a bold idea but because of adverse changes in the federal tax law, it now confuses an already complicated scheme and could invite intervention by the Internal Revenue Service.

Sincerely,



Edmund G. Brown Jr.