BILL NUMBER: SB 1183 INTRODUCED
BILL TEXT
INTRODUCED BY Senator Bates
FEBRUARY 18, 2016
An act relating to taxation.
LEGISLATIVE COUNSEL'S DIGEST
SB 1183, as introduced, Bates. Income taxes: rates.
The Personal Income Tax Law imposes taxes upon taxable income at
specified rates. Proposition 30, known as the Schools and Local
Public Safety Protection Act of 2012, which was approved by the
voters at the November 6, 2012, statewide general election, provides
the tax rates applicable to specified amounts of taxable income that
is over $250,000 for taxable years beginning on or after January 1,
2012, and before January 1, 2019.
This bill would state the intent of the Legislature, for taxable
years beginning on or after January 1, 2019, to modify the tax rates
applicable to taxable income under the Personal Income Tax Law.
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, for taxable years
beginning on or after January 1, 2019, to modify the tax rates
applicable to taxable income under the Personal Income Tax Law.