Bills

AB 514: Personal Income Tax Law: retired police dogs: tax credit.

  • Session Year: 2023-2024
  • House: Assembly
  • Latest Version Date: 2023-02-07

Current Status:

Failed

(2024-02-01: From committee: Filed with the Chief Clerk pursuant to Joint Rule 56.)

Introduced

In Committee

First Chamber

In Committee

Second Chamber

Enacted

What does this bill do?

This bill creates a $1,500 state income tax credit for people who adopt retired California law enforcement dogs that served at least five years, or at least three years if the dog was injured on duty, for tax years 2025 through 2029. If the credit is larger than a person’s tax, the extra can be applied to other debts and, if funded by the Legislature, refunded, and the Franchise Tax Board must report each year on how many taxpayers claim the credit.

The summary is provided by generative AI which can make mistakes. For original language, please view the details in the table below.

Version:

The Personal Income Tax Law allows various credits against the taxes imposed by that law. Existing law establishes the continuously appropriated Tax Relief and Refund Account and provides that payments required to be made to taxpayers or other persons from the Personal Income Tax Fund are to be paid from that account.

This bill would, for taxable years beginning on or after January 1, 2025, and before January 1, 2030, allow a credit against the tax imposed by that law in an amount equal to $1,500 to a taxpayer for the adoption of a retired law enforcement dog, as provided. The bill would require the amount of the credit exceeding the taxpayers liability to be credited against other amounts due, if any, and would require the balance, upon appropriation, to be paid from the Tax Relief and Refund Account and refunded to the taxpayer.

Existing law requires a bill authorizing a new tax expenditure to contain, among other things, specific goals, purposes, and objectives the tax expenditure will achieve, detailed performance indicators, and data collection requirements.

This bill would include additional information required for any bill authorizing a new tax expenditure.

This bill would take effect immediately as a tax levy.

Discussed in Hearing

Assembly Standing Committee on Revenue and Taxation 9MIN
Mar 13, 2023

Assembly Standing Committee on Revenue and Taxation

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Authors shown for version:
Introduced (2/7/2023)

Bill Co-Author(s):