Bills · 2023-2024 Regular Session

AB 272

Died at session end Official bill text Atom feed

Relating to: an income and franchise tax exemption for broadband expansion grants. (FE)

Data processing Franchise — Taxation Income tax — Deduction Legislature — Tax exemptions joint survey committee on Telecommunications

Introduced, stopped here
Passes Assembly, not reached
Passes Senate, not reached
Governor signs, not reached
Law, not reached

Unfamiliar terms? Glossary

What this bill does

Plain-language analysis by the nonpartisan Legislative Reference Bureau

This bill exempts from state income and franchise taxes income received in the

form of a grant issued by the state or by the federal government for broadband

expansion in this state. Current law provides an income and franchise tax exemption

for income received in the form of allocations issued by this state with moneys

received from the federal Coronavirus Relief Fund to be used for broadband

expansion. The bill prohibits claiming the exemption under the bill and the

exemption under current law for the same grant.

Because this bill relates to an exemption from state or local taxes, it may be

referred to the Joint Survey Committee on Tax Exemptions for a report to be printed

as an appendix to the bill.

What it would cost

Fiscal estimates filed by state agencies, as official PDFs

Votes

Assembly: Report Assembly Substitute Amendment 1 adoption recommended by Committee on Ways and Means, Ayes 12, Noes 0

Passed 12–0 Mar 13, 2024 official source full page

No individual roll call was recorded for this vote. Committee votes and some older sessions record totals only.

Assembly: Report passage as amended recommended by Committee on Ways and Means, Ayes 12, Noes 0