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AB-2259 Personal income taxes: credit: still birth.(2017-2018)

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Date Published: 05/01/2018 10:00 AM
AB2259:v98#DOCUMENT

Amended  IN  Assembly  April 30, 2018

CALIFORNIA LEGISLATURE— 2017–2018 REGULAR SESSION

Assembly Bill No. 2259


Introduced by Assembly Member Patterson

February 13, 2018


An act to add and repeal Section 17054.3 to the Revenue and Taxation Code, relating to taxation, to take effect immediately, tax levy.


LEGISLATIVE COUNSEL'S DIGEST


AB 2259, as amended, Patterson. Personal income taxes: credit: still birth.
The Personal Income Tax Law allows various credits against the taxes imposed by that law, including a credit for a personal exemption for dependents.
This bill bill, for taxable years beginning on or after January 1, 2018, and before January 1, 2023, would allow a credit against those taxes for each taxable year beginning on or after January 1, 2018, to taxpayers to a taxpayer who hold holds a Certificate of Still Birth in an amount equal to the credit for a personal exemption for a dependent, as provided, for the taxable year in which the certificate is issued. actual amount of medical and burial or cremation costs paid or incurred, not to exceed $2,000, during the taxable year in which the still birth occurred.
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 17054.3 is added to the Revenue and Taxation Code, to read:

17054.3.
 (a) For each taxable year beginning on or after January 1, 2018, and before January 1, 2023, there shall be allowed to a taxpayer who holds a Certificate of Still Birth a credit against the “net tax,” as defined in Section 17039, in an amount equal to the credit allowed for a personal exemption for a dependent, determined pursuant to Section 17054, for the taxable year in which the certificate is issued. actual amount of medical and burial or cremation costs paid or incurred, not to exceed two thousand dollars ($2,000), during the taxable year in which the still birth occurred.
(b) Section 41 does not apply to the credit allowed by this section.
(c) This section shall remain in effect only until December 1, 2023, and as of that date is repealed.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.