Bill Text: CA AB1577 | 2019-2020 | Regular Session | Introduced

NOTE: There are more recent revisions of this legislation. Read Latest Draft

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Bill Title: Income taxes: federal CARES Act: gross income: loan forgiveness.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Passed) 2020-09-09 - Chaptered by Secretary of State - Chapter 39, Statutes of 2020. [AB1577 Detail]

Download: California-2019-AB1577-Introduced.html

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CALIFORNIA LEGISLATURE— 2019–2020 REGULAR SESSION

Assembly Bill

No. 1577

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Introduced by Assembly Member Burke

February 22, 2019

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An act to amend Section 18001 of the Business and Professions Code, relating to business.

LEGISLATIVE COUNSEL'S DIGEST

AB 1577, as introduced, Burke. Microenterprise.

Existing law encourages every city, county, and city and county to access microenterprise development in order to create new jobs and income opportunities for individuals of low and moderate income.

This bill would make a nonsubstantive change to this provision.

Digest Key

Vote: MAJORITY   Appropriation: NO   Fiscal Committee: NO   Local Program: NO  

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Bill Text

The people of the State of California do enact as follows:

SECTION 1.

 Section 18001 of the Business and Professions Code is amended to read:

18001.

 (a) Every city, county, and city and county is encouraged to access microenterprise development in order to create new jobs and income opportunities income opportunities and new jobs for individuals of low and moderate income.

(b) Every city, county, and city and county is encouraged to include microenterprise development as a part of their economic development strategy.

(c) California communities and the public agencies that serve them, such as workforce investment boards, community colleges, and local economic development agencies, are encouraged to promote local partnerships that invest in microenterprise development.