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PROPOSED BILLS

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SB 435 (Monteith)
This bill would allow a 30 percent credit for the cost paid or incurred to purchase and install an irrigation system improvement. The system must be placed in service in this state and used in a business for the production of farm income.

SB 547 (Figueroa)
This bill would allow a credit equal to the unreimbursed costs paid or incurred by an employer for public transit passes provided to an employee.

SB 553 (Vincent)
This bill would allow a credit equal to 20 percent of the fair market value of developed or undeveloped land located in this state that is permanently donated to an affordable housing land conservancy. To qualify for the credit, the taxpayer must donate at least one acre. No otherwise allowable deduction could be claimed for any cost for which this credit is allowed.

SB 558 (Morrow)
This bill would allow a credit equal to an unspecified percentage for qualified expenses in connection with lending a qualified employee to a public school or vocational institution in this state for the purpose of teaching math or science.

SB 559 (Morrow)
This bill would increase the credit percentage for the Manufacturers Investment Credit from six percent to eight percent of the cost of qualified property.

SB 571 (Morrow)
This bill would allow a credit equal to the amount paid or incurred for excessive energy costs. Excessive energy costs would be computed by formula based on the federal consumer price index for the region or area over 110 percent of the national average of the energy component of the federal consumer price index.

SB 630 (Poochigian)
This bill would establish two credits. The first credit would equal the cost paid or incurred by a parent or guardian, not to exceed $250, for a qualified dependent's school uniform.

The second credit would equal the amount paid or incurred for actual transportation costs associated with a qualified dependent's attendance at a school that is not designated as a low-performing school.

SB 654 (Haynes)
This bill would allow a credit equal to the product of the taxpayer's energy conservation percentage, not to exceed 25 percent, and the cost paid or incurred for electricity used by the taxpayer in this state.

SB 677 (McPherson)
This bill would allow a credit equal to an unspecified percentage of the certified final cost of expenditures necessary to meet seismic safety requirements.

SB 698 (Battin)
This bill would allow a 100 percent credit, not to exceed $200, for the amount paid or incurred for extra curricular activity fees paid to a public or private school.

SB 718 (Poochigian)
This bill would allow a 35 percent credit for the cost paid or incurred for the purchase of any equipment to recycle used motor oil.

SB 719 (Poochigian)
This bill would allow a refundable credit for the amount paid or incurred for health insurance for any member of the taxpayer's family who is eligible to receive benefits under the Healthy Families Program.

SB 782 (Brulte)
This bill would allow a 10 percent refundable credit for contributions made after January 1, 2001, to a Scholarshare trust account on behalf of any qualified beneficiary. The taxpayer's AGI may not exceed $200,000. The maximum credit would be limited to $500 per qualified beneficiary.

SB 846 (Ackerman)
This bill would allow a credit equal to 100 percent of the fair market value of services rendered without charge by an attorney, physician, surgeon, dentist, or optometrist to any nonprofit charitable organization located in this state that provides services to the poor.

SB 877 (Poochigian)
This bill would allow a credit equal to the portion of California property taxes attributable to fixtures and improvements of a dairy farm used in the cogeneration or transformation of dairy industry by-products into fuel or energy resources used to operate a dairy farm.

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July/August 2001

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