Today's Law As Amended


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SB-995 Personal income taxes: standard deduction: annual increase.(2017-2018)



As Amends the Law Today


SECTION 1.

 Section 17073.6 is added to the Revenue and Taxation Code, to read:

17073.6.
 (a) For each taxable year beginning on or after January 1, 2018, the standard deduction amount determined pursuant to Section 17073.5 shall be supplemented as follows:
(1) In the case of a taxpayer, other than a head of a household or surviving spouse, as defined in Section 17046, or a married couple filing a joint return, the standard deduction shall be increased by one thousand five hundred dollars ($1,500).
(2) In the case of a head of household or surviving spouse, as defined in Section 17046, or a married couple filing a joint return, the standard deduction shall be increased by three thousand dollars ($3,000).
(b) This section shall supplement the standard deduction amount determined pursuant to Section 17073.5 and shall not affect the inflation adjustment to the standard deduction amount required by subdivision (d) of Section 17073.5.
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.