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| Authors | Alanis | ||||||||||||||||
| Subject | Personal income tax: employment credit. | ||||||||||||||||
| Relating To | relating to taxation. | ||||||||||||||||
| Title | An act to amend Section 17053.73 of the Revenue and Taxation Code, relating to taxation. | ||||||||||||||||
| Last Action Dt | 2026-02-20 | ||||||||||||||||
| State | Introduced | ||||||||||||||||
| Status | Pending Referral | ||||||||||||||||
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| Analyses | TBD | ||||||||||||||||
| Latest Text | Bill Full Text | ||||||||||||||||
| Latest Text Digest |
The Personal Income Tax Law allows various credits against the taxes imposed by that law, including, for taxable years beginning on or after January 1, 2014, and before January 1, 2026, a credit for hiring qualified full-time employees within a designated census tract or economic development area, except as specified, in an amount equal to 35% of the qualified wages paid to those employees multiplied by the applicable percentage for that taxable year. This bill would make a nonsubstantive change to this provision. |