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Key Votes

SB 1272 - Tax Law Amendments - Key Vote

California Key Votes

Wesley Chesbro voted Yea (Passage With Amendment) on this legislation.

Read recent statements Wesley Chesbro made in this general time period.

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Stage Details

Legislation - Vetoed (Executive) -

Title: Tax Law Amendments

Vetoed by Governor Arnold Schwarzenegger

Legislation - Concurrence Vote Passed (Senate) (22-12) - (Key vote)

Title: Tax Law Amendments

Vote Smart's Synopsis:

Vote to concur with House amendments and pass a bill that requires any personal income, corporate franchise, or alternative minimum tax legislation introduced to meet new requirements.

Highlights:
-Requires any legislation introduced on or after January 1, 2011 that would authorize a new credit against personal income tax, corporate franchise tax, or alternative minimum tax to contain the following (Sec 2.):
    -Specific goals, purposes, and objectives that the tax credit will achieve; -Detailed performance indicators for the Legislature to use when measuring whether the tax credit meets the goals, purposes, and objectives stated in the bill; -Data collection requirements to enable the Legislature to determine whether the tax credit is meeting, failing to meet, or exceeding those specific goals, purposes, and objectives; and -A requirement that the credit be repealed on January 1 of the year following the date that is 7 taxable years after its effective date.
See The Voting Record

Legislation - Bill Passed (House) (47-27) - (Key vote)

Title: Tax Law Amendments

Vote Smart's Synopsis:

Vote to pass a bill that requires any personal income, corporate franchise, or alternative minimum tax legislation introduced to meet new requirements.

Highlights:
-Requires any legislation introduced on or after January 1, 2011 that would authorize a new credit against personal income tax, corporate franchise tax, or alternative minimum tax to contain the following (Sec 2.):
    -Specific goals, purposes, and objectives that the tax credit will achieve; -Detailed performance indicators for the Legislature to use when measuring whether the tax credit meets the goals, purposes, and objectives stated in the bill; -Data collection requirements to enable the Legislature to determine whether the tax credit is meeting, failing to meet, or exceeding those specific goals, purposes, and objectives; and -A requirement that the credit be repealed on January 1 of the year following the date that is 7 taxable years after its effective date.
See The Voting Record

Legislation - Bill Passed (Senate) (21-15) -
Legislation - Introduced (House) -

Title: Tax Law Amendments

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