BILL NUMBER: SB 1542	INTRODUCED
	BILL TEXT


INTRODUCED BY   Senator Negrete McLeod

                        FEBRUARY 24, 2012

   An act relating to taxation.


	LEGISLATIVE COUNSEL'S DIGEST


   SB 1542, as introduced, Negrete McLeod. Income taxes: credit:
contributions to LEAP.
   The Personal Income Tax Law and the Corporation Tax Law allow
various credits against the taxes imposed by those laws.
   This bill would state the Legislature's intent to enact
legislation that would allow a credit against the taxes imposed under
the Personal Income Tax Law and the Corporation Tax Law for
charitable contributions to a Local Educational Advancement Program
(LEAP) organization that provides fee assistance for students in
kindergarten and grades 1 through 12, inclusive, from families with
demonstrated financial needs, to receive academic services before or
after school, on weekends, or in the summer.
   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 that would allow a credit against the taxes imposed under
the Personal Income Tax Law and the Corporation Tax Law for
charitable contributions to a Local Educational Advancement Program
(LEAP) organization that provides fee assistance for students in
kindergarten and grades 1 through 12, inclusive, from families with
demonstrated financial needs, to receive academic services before or
after school, on weekends, or in the summer.