BILL NUMBER: AB 341	INTRODUCED
	BILL TEXT


INTRODUCED BY   Assembly Member Anderson

                        FEBRUARY 18, 2009

   An act relating to taxation.


	LEGISLATIVE COUNSEL'S DIGEST


   AB 341, as introduced, Anderson. Income and corporate taxes:
credits: enterprise zones.
   The Enterprise Zone Act provides for the designation by the
Department of Housing and Community Development of enterprise zones,
pursuant to which certain entities may receive regulatory, tax, and
other incentives for private investment and employment.
   The Personal Income Tax Law and the Corporation Tax Law allow a
taxpayer to claim certain tax incentives, including credits, for
activities conducted in an enterprise zone.
   This bill would state the intent of the Legislature to enact
legislation to revise the enterprise zone credit system to allow a
taxpayer authorized to claim those credits to apply the aggregate
value of all enterprise zone-related income tax credits toward the
taxpayer's tax liability.
   Vote: majority. Appropriation: no. Fiscal committee: no.
State-mandated 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 to revise the enterprise zone credit system under the
Personal Income Tax Law and the Corporation Tax Law to allow a
taxpayer authorized to claim those credits to apply the aggregate
value of all enterprise zone-related income tax credits toward the
taxpayer's tax liability.