Today's Law As Amended


Bill PDF |Add To My Favorites | print page

AB-2517 Economic development: taxation: credits: certifications.(2013-2014)



As Amends the Law Today


SECTION 1.

 Section 7069 of the Government Code is amended to read:

7069.
 Notwithstanding the repeal of Chapter 12.8 (commencing with Section 7070), Chapter 12.93 (commencing with Section 7097), and Chapter 12.97 (commencing with Section 7105) of the Government Code by Chapter 69 of the Statutes of 2013, a local entity formerly authorized by one or more of those chapters of the Government Code to issue a certification that provides that a qualified employee, qualified disadvantaged individual, or qualified displaced employee meets the specified eligibility requirements under Section 17053.34, 17053.46, 17053.47, 17053.74, 23622.7, 23622.8, 23634, or 23646 of the Revenue and Taxation Code may continue to accept applications for the certification and to issue the certifications  up to but no later than January 1, 2015. A local entity shall have until January 1, 2016, to issue the certifications. 
SEC. 2.
 This act is an urgency statute necessary for the immediate preservation of the public peace, health, or safety within the meaning of Article IV of the Constitution and shall go into immediate effect. The facts constituting the necessity are:
In order to extend the deadline to ensure that taxpayers can timely obtain certifications from local entities to be eligible for income tax hiring credits for employees hired within enterprise zones and local agency military base recovery areas, it is necessary that this act take immediate effect.