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AB-2728 Insurance: community development investments.(2015-2016)

Senate
Assembly
Int
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Cmt
2nd
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3rd
Pass
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Cmt
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3rd
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Veto
Senate
Assembly
Int
1st
Cmt
2nd
Cmt
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3rd
Pass
1st
Cmt
2nd
3rd
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3rd
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Veto

Bill Status
AB-2728
Atkins (A)
-
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Insurance: community development investments.
03/22/16
An act to amend Section 926.1 of the Insurance Code, and to amend Sections 12209, 17053.57, and 23657 of the Revenue and Taxation Code, relating to insurance.
Assembly
08/31/16
08/19/16

Type of Measure
Inactive Bill - Vetoed
Majority Vote Required
Non-Appropriation
Fiscal Committee
Non-State-Mandated Local Program
Non-Urgency
Non-Tax levy
Last 5 History Actions
Date Action
09/13/16 Vetoed by Governor.
09/09/16 Enrolled and presented to the Governor at 2:30 p.m.
08/30/16 Senate amendments concurred in. To Engrossing and Enrolling. (Ayes 80. Noes 0. Page 6490.).
08/30/16 Assembly Rule 63 suspended. (Page 6474.)
08/30/16 In Assembly. Concurrence in Senate amendments pending.
Governor's Message
To the Members of the California State Assembly:

I am returning the following seven bills without my signature:

Assembly Bill 717
Assembly Bill 724
Assembly Bill 1561
Assembly Bill 2127
Assembly Bill 2728
Senate Bill 898
Senate Bill 907

Each of these bills creates a new tax break or expands an existing tax break. In total, these bills would reduce revenues by about $300 million through 2017-18.

As I said last year, tax breaks are the same as new spending -- they both cost the General Fund money. As such, they must be considered during budget deliberations so that all spending proposals are weighed against each other at the same time. This is even more important when the state's budget remains precariously balanced.

Therefore, I cannot sign these measures.

Sincerely,



Edmund G. Brown Jr.