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AB 1979: Personal income taxes: gross income exclusion: homeownership savings accounts.
- Session Year: 2017-2018
- House: Assembly
- Latest Version Date: 2018-05-09
Version:
The Personal Income Tax Law, in modified conformity with federal income tax laws, allows various exclusions from gross income.
This bill, for taxable years beginning on or after January 1, 2018, and before January 1, 2023, would exclude from gross income any income earned on the moneys contributed to a homeownership savings account, as described.
This bill would take effect immediately as a tax levy.
Discussed in Hearing
2MINMay 7, 2018
Assembly Standing Committee on Revenue and Taxation
16MINApr 11, 2018