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SB-553 California State Work Opportunity Tax Credit.(2021-2022)

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Date Published: 02/18/2021 09:00 PM
SB553:v99#DOCUMENT


CALIFORNIA LEGISLATURE— 2021–2022 REGULAR SESSION

Senate Bill
No. 553


Introduced by Senator Limón

February 18, 2021


An act relating to taxation.


LEGISLATIVE COUNSEL'S DIGEST


SB 553, as introduced, Limón. California State Work Opportunity Tax Credit.
The Personal Income Tax Law and the Corporation Tax Law allow various credits against the taxes imposed by those laws.
This bill would state the intent of the Legislature to enact legislation that would create a California State Work Opportunity Tax Credit.
Vote: MAJORITY   Appropriation: NO   Fiscal Committee: NO   Local Program: NO  

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


SECTION 1.

 It is the intent of the Legislature to enact legislation that would create a California State Work Opportunity Tax Credit.