AB 1481: Income tax: credit: immigration.
- Session Year: 2025-2026
- House: Assembly
- Latest Version Date: 2025-04-28
Current Status:
Failed
(2026-02-02: From committee: Filed with the Chief Clerk pursuant to Joint Rule 56.)
Introduced
In Committee
First Chamber
In Committee
Second Chamber
Enacted
The Personal Income Tax Law allows various credits against the taxes imposed by that law.
This bill, for taxable years beginning on or after January 1, 2025, 2026, and before January 1, 2030, 2031, would allow a credit against the taxes imposed by that law to a qualified taxpayer taxpayer, as defined, in an a specified amount equal to the filling fee for imposed to file a federal Petition for Alien Relative (I-130) form, not to exceed one credit per taxable year per qualified taxpayer. taxpayer, as specified.
Existing law requires any bill authorizing a new tax expenditure, as defined, to include tax credits, to contain, among other things, specific goals, purposes, and objectives that the tax credit 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
5MIN