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AB-2008 Income taxes: exclusion: Carl Moyer Memorial Air Quality Standards Attainment Programs grants.(2017-2018)

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Date Published: 03/20/2018 09:00 PM
AB2008:v98#DOCUMENT

Amended  IN  Assembly  March 20, 2018

CALIFORNIA LEGISLATURE— 2017–2018 REGULAR SESSION

Assembly Bill No. 2008


Introduced by Assembly Member Members Salas and Burke

February 01, 2018


An act to add Sections 17131.8 and 24318 to and repeal Sections 17131.11 and 24311 of the Revenue and Taxation Code, relating to taxation, to take effect immediately, tax levy.


LEGISLATIVE COUNSEL'S DIGEST


AB 2008, as amended, Salas. Income taxes: exclusion: Carl Moyer Memorial Air Quality Standards Attainment Programs grants.
The Personal Income Tax Law and the Corporation Tax Law define gross income as all income from whatever source derived, unless specifically excluded.
This bill would, under both laws, exclude from gross income any amount provided to a taxpayer pursuant to the Carl Moyer Memorial Air Quality Standards Attainment Program for the purchase of new zero or low-emission engines. Program, as provided, until January 1, 2024. The bill would require an air district to provide the taxpayer with a certification of the amount issued pursuant to the program, available upon request to the Franchise Tax Board, and to annually provide the Franchise Tax Board with a data file containing specified information relating to the program. By imposing new requirements on air districts, the bill would create a state-mandated local program.
The California Constitution requires the state to reimburse local agencies and school districts for certain costs mandated by the state. Statutory provisions establish procedures for making that reimbursement.
This bill would provide that, if the Commission on State Mandates determines that the bill contains costs mandated by the state, reimbursement for those costs shall be made pursuant to the statutory provisions noted above.
This bill would take effect immediately as a tax levy.
Vote: MAJORITY   Appropriation: NO   Fiscal Committee: YES   Local Program: NOYES  

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


SECTION 1.

 Section 17131.8 17131.11 is added to the Revenue and Taxation Code, to read:

17131.8.17131.11.
 (a) (1) Gross income shall not include any amount provided to a taxpayer pursuant to the Carl Moyer Memorial Air Quality Standards Attainment Program (Chapter 9 (commencing with Section 44275) of Part 5 of Division 26 of the Health and Safety Code), relating to the purchase of new zero or low-emission engines. Code).
(2) (A) The issuing air district shall provide to the taxpayer a certification of the monetary amount issued pursuant to the Carl Moyer Memorial Air Quality Standards Attainment Program.
(B) Upon request of the Franchise Tax Board, a taxpayer shall provide to the Franchise Tax Board a copy of the certification.
(3) The issuing air district shall provide the Franchise Tax Board annually, on or before January 1, 2020, and each January 1 thereafter, a data file containing the following information relating to the Carl Moyer Memorial Air Quality Standards Attainment Program:
(A) The names and addresses of recipients.
(B) The social security number, federal tax identification number, or federal employer identification number of recipients.
(C) Dollar amounts of payments made pursuant to the Carl Moyer Memorial Air Quality Standards Attainment Program in the preceding taxable year.
(b) Any deduction otherwise allowed under this part for any amount paid or incurred by the taxpayer for which the grant from the Carl Moyer Memorial Air Quality Standards Attainment Program is based shall be reduced by the amount of any grant excluded from gross income under this section.
(c) The amount of any grant received that is excludable from gross income under this section shall be taken into account in determining the basis of the property to which the grant relates and shall reduce the basis by the amount of the grant excluded from gross income under this section.
(d) This section shall remain in effect only until January 1, 2024, and as of that date is repealed.

SEC. 2.

 Section 24318 24311 is added to the Revenue and Taxation Code, to read:

24318.24311.
 (a) (1) Gross income shall not include any amount provided to a taxpayer pursuant to the Carl Moyer Memorial Air Quality Standards Attainment Program (Chapter 9 (commencing with Section 44275) of Part 5 of Division 26 of the Health and Safety Code), relating to the purchase of new zero or low-emission engines. Code).
(2) (A) The issuing air district shall provide to the taxpayer a certification of the monetary amount issued pursuant to the Carl Moyer Memorial Air Quality Standards Attainment Program.
(B) Upon request of the Franchise Tax Board, a taxpayer shall provide to the Franchise Tax Board a copy of the certification.
(3) The issuing air district shall provide the Franchise Tax Board annually, on or before January 1, 2020, and each January 1 thereafter, a data file containing the following information relating to the Carl Moyer Memorial Air Quality Standards Attainment Program:
(A) The names and addresses of recipients.
(B) The social security number, federal tax identification number, or federal employer identification number of recipients.
(C) Dollar amounts of payments made pursuant to the Carl Moyer Memorial Air Quality Standards Attainment Program in the preceding taxable year.
(b) Any deduction otherwise allowed under this part for any amount paid or incurred by the taxpayer for which the grant from the Carl Moyer Memorial Air Quality Standards Attainment Program is based shall be reduced by the amount of any grant excluded from gross income under this section.
(c) The amount of any grant received that is excludable from gross income under this section shall be taken into account in determining the basis of the property to which the grant relates and shall reduce the basis by the amount of the grant excluded from gross income under this section.
(d) This section shall remain in effect only until January 1, 2024, and as of that date is repealed.

SEC. 3.

 If the Commission on State Mandates determines that this act contains costs mandated by the state, reimbursement to local agencies and school districts for those costs shall be made pursuant to Part 7 (commencing with Section 17500) of Division 4 of Title 2 of the Government Code.

SEC. 3.SEC. 4.

 This act provides for a tax levy within the meaning of Article IV of the California Constitution and shall go into immediate effect.