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AB-1590 Personal income tax: credit: qualified first-time homebuyer.(2019-2020)

Senate:
1st
Cmt
2nd
Cmt
2nd
3rd
Pass
Assembly:
Int
1st
Cmt
2nd
3rd
Pass
Pass
Veto
Bill Status
AB-1590
Blanca Rubio (A)
-
Ramos (A)
Personal income tax: credit: qualified first-time homebuyer.
03/25/19
An act to add and repeal Section 17060 of the Revenue and Taxation Code, relating to taxation, to take effect immediately, tax levy.
Assembly
09/12/19
08/30/19

Type of Measure
Active Bill - In Desk Process
Majority Vote Required
Non-Appropriation
Fiscal Committee
State-Mandated Local Program
Urgency
Tax levy
Last 5 History Actions
Date Action
01/21/20 Stricken from file.
10/13/19 Vetoed by Governor.
09/17/19 Enrolled and presented to the Governor at 3:30 p.m.
09/09/19 Senate amendments concurred in. To Engrossing and Enrolling. (Ayes 78. Noes 0. Page 3148.).
09/06/19 In Assembly. Concurrence in Senate amendments pending. May be considered on or after September 8 pursuant to Assembly Rule 77.
Governor's Veto Message
To the Members of the California State Assembly:

I am returning Assembly Bill 1590 without my signature.

This bill would create a nonrefundable tax credit for first-time homebuyers that are low to moderate-income taxpayers.

The State has a significant housing shortage that is increasing housing and rental costs for many Californians. These are issues that my Administration has partnered with the Legislature to address on many fronts, including significant investments in the 2019 budget to spur housing development, as well as landmark rent affordability and renter protection legislation.

The potential costs of the proposed credit would be better addressed in the annual budget process so it can be weighed against other housing production and affordability measures.

Sincerely,





Gavin Newsom