BILL NUMBER: AB 205	INTRODUCED
	BILL TEXT


INTRODUCED BY   Assembly Member Hagman

                        JANUARY 27, 2011

   An act to add Section 17053.44 to the Revenue and Taxation Code,
relating to taxation, to take effect immediately, tax levy.


	LEGISLATIVE COUNSEL'S DIGEST


   AB 205, as introduced, Hagman. Income taxes: credit: vehicle
registration.
   The Personal Income Tax Law authorizes various credits against the
taxes imposed by that law.
   This bill would, for taxable years beginning on or after Janaury
1, 2011, authorize a credit under the Personal Income Tax Law for
qualified costs, as defined, paid by a taxpayer for the registration
of a qualified vehicle, as provided.
   This bill would take effect immediately as a tax levy.
   Vote: majority. Appropriation: no. Fiscal committee: yes.
State-mandated local program: no.


THE PEOPLE OF THE STATE OF CALIFORNIA DO ENACT AS FOLLOWS:

  SECTION 1.  Section 17053.44 is added to the Revenue and Taxation
Code, to read:
   17053.44.  (a) For each taxable year beginning on or after January
1, 2011, there shall be allowed as a credit against the "net tax,"
as defined in Section 17039, an amount equal to the qualified costs
paid by a taxpayer for the registration of a qualified vehicle.
   (b) For purposes of this section:
   (1) "Qualifed costs" means the registration fees for a qualified
vehicle pursuant to Article 2 (commencing with Section 9250) of
Chapter 6 of Division 3 of the Vehicle Code, paid by a qualified
taxpayer during the taxable year.
   (2) "Qualified vehicle" means a vehicle for which a taxpayer has
paid qualified costs previous to the purchase by the taxpayer of a
new vehicle for which the taxpayer has also paid registration fees
pursuant to Article 2 (commencing with Section 9250) of Chapter 6 of
Division 3 of the Vehicle Code during the same calendar year.
  SEC. 2.  This act provides for a tax levy within the meaning of
Article IV of the Constitution and shall go into immediate effect.