BILL NUMBER: AB 1786	INTRODUCED
	BILL TEXT


INTRODUCED BY   Assembly Member Olsen
   (Coauthor: Senator Correa)

                        FEBRUARY 18, 2014

   An act relating to taxation.


	LEGISLATIVE COUNSEL'S DIGEST


   AB 1786, as introduced, Olsen. Income taxes: credit.
   The Personal Income Tax Law allows various credits against the
taxes imposed by those laws.
   This bill would state that it is the intent of the Legislature to
enact legislation that would allow a credit against the taxes imposed
by the Personal Income Tax Law or a deduction from gross income for
the cost of education-related expenses of the taxpayer's dependent
child attending public or private school.
   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 allow a credit against the taxes imposed by the
Personal Income Tax Law or a deduction from gross income for the cost
of education-related expenses of the taxpayer's dependent child
attending public or private school by allowing a nonrefundable credit
in the amount of $500 to families with income of 200 percent or less
of the federal Reduced Price Lunch Program guidelines, and allowing
a deduction from gross income in the amount of $2,500 to families
with income of more than 200 percent and 300 percent or less of the
federal Reduced Price Lunch Program guidelines.