Bill Text: CA AB1400 | 2023-2024 | Regular Session | Introduced
NOTE: There are more recent revisions of this legislation. Read Latest Draft
Bill Title: Student financial aid: College Access Tax Credit Fund: community college student transfers: Historically Black Colleges and Universities.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Passed) 2023-09-30 - Chaptered by Secretary of State - Chapter 278, Statutes of 2023. [AB1400 Detail]
Download: California-2023-AB1400-Introduced.html
Bill Title: Student financial aid: College Access Tax Credit Fund: community college student transfers: Historically Black Colleges and Universities.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Passed) 2023-09-30 - Chaptered by Secretary of State - Chapter 278, Statutes of 2023. [AB1400 Detail]
Download: California-2023-AB1400-Introduced.html
CALIFORNIA LEGISLATURE—
2023–2024 REGULAR SESSION
Assembly Bill
No. 1400
| Introduced by Assembly Member Bryan |
February 17, 2023 |
An act relating to taxation.
LEGISLATIVE COUNSEL'S DIGEST
AB 1400, as introduced, Bryan.
College Access Tax Credit Fund.
Existing law governing the taxation of insurers, the Personal Income Tax Law and the Corporation Tax Law, allow various credits against the taxes imposed by those laws, including a credit, for taxable years beginning on or after January 1, 2017, and before January 1, 2023, equal to 50% of a contribution to the College Access Tax Credit Fund, as provided. Existing law provides that moneys in the College Access Tax Credit Fund shall be allocated first to the General Fund, then, upon appropriation, to specified agencies for administrative costs related to this credit, and lastly continuously appropriated to the Student Aid Commission for awarding Cal Grants, as prescribed.
This bill would state the intent of the Legislature to enact subsequent legislation relating to the College Access Tax Credit Fund.
