AB831:v95#DOCUMENTBill Start
Amended
IN
Assembly
June 01, 2007
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Amended
IN
Assembly
April 25, 2007
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Amended
IN
Assembly
April 17, 2007
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Amended
IN
Assembly
March 26, 2007
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CALIFORNIA LEGISLATURE—
2007–2008 REGULAR SESSION
Assembly Bill
No. 831
Introduced by
Assembly Member
Parra
(Coauthor(s):
Assembly Member
Beall, Dymally, Krekorian, Wolk)
(Coauthor(s):
Senator
Kehoe)
|
February 22, 2007 |
An act to add Section 13305.5 to the Government Code, relating to tax expenditures.
LEGISLATIVE COUNSEL'S DIGEST
AB 831, as amended, Parra.
State government: tax expenditures.
Existing law requires certain legislative measures to include specified information or meet specified requirements.
This bill would require that any legislative measure creating a new tax expenditure, or extending the operation of an existing tax expenditure, as defined, shall provide for a repeal of the expenditure in a manner reflective of that reflects the needs and conditions of the proposed expenditure.
Digest Key
Vote:
MAJORITY
Appropriation:
NO
Fiscal Committee:
YES
Local Program:
NO
Bill Text
The people of the State of California do enact as follows:
SECTION 1.
Section 13305.5 is added to the Government Code, to read:13305.5.
(a) On and after January 1, 2008, any legislative measure creating a new tax expenditure, or extending the operation of an existing tax expenditure, shall include a repeal of the expenditure in a manner reflective of that reflects the needs and conditions of the proposed expenditure.(b) For purposes of this section, “tax expenditure” means a credit, deduction, exclusion, exemption, or any other tax benefit as provided for by state law.