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PROPOSED BILLS

AB 872 (Nakano)
This bill would allow a 40 percent credit for the cost of a solar energy system installed on residential or commercial property located in California.

AB 902 (Alquist)
This bill would establish a credit equal to 50 percent of qualified wages paid or incurred in connection with lending a qualified employee to teach math or science at a public school (grades 7-12) located in this state.

AB 928 (Daucher)
This bill would establish the Live Near Your Work Program that would result in a cooperative effort between state and local government and employers to provide financial assistance to eligible employees in purchasing homes near their place of employment.

AB 998 (Kelley)
This bill would allow a credit equal to 30 percent of the total price paid for the original retail purchase of a zero emission Neighborhood Electric Vehicle.

AB 1001 (Longville)
This bill would establish the Spaceport Development Zone Act of 2001 to promote the development of a commercial space transportation system based in this state by providing development authority and economic incentives.

AB 1054 (Cogdill)
This bill would allow a 50 percent credit for the purchase and installation of an irrigation system that is placed in service in this state on land owned or leased by a taxpayer that is used for the production of farm income.

AB 1124 (Koretz)
This bill would establish two credits: The first credit would equal the applicable percentage of costs paid or incurred for the purchase or lease and installation of any power generation system installed onsite on property located in this state.

The second credit would equal the sales or use tax paid or incurred for the purchase or lease of any power generation system as defined in the first credit.

AB 1166 (Bill Campbell)
This bill would allow a 25 percent credit for prescription drugs for taxpayers who are 65 years of age or older as of December 31 of the taxable year.

AB 1174 (Alquist)
This bill would allow a refundable credit for the cost paid or incurred by a qualified taxpayer for tuition, fees, and related expenses at any qualifying educational institution for the taxpayer or any dependent of that taxpayer.

AB 1222 (Rod Pacheco)
This bill would increase the dependent personal exemption incrementally until it reaches $500 in 2005.

AB 1250 (Florez)
This bill would allow a credit for qualified crude oil production and qualified natural gas production, as defined by federal law.

AB 1257 (Cardenas)
This bill would establish two credits. The first credit would equal 50 percent of qualified expenditures of establishing a child care facility in excess of $4,000. 

It would also allow a credit to a bank or financial corporation equal to 50 percent of the forgone interest income that the bank or financial corporation could have collected on a child care facility loan had the loan rate been one point above prime.

AB 1264 (Bill Campbell)
This bill would allow a 75 percent credit for the cost of a solar energy system installed on residential premises located in this state and owned by the taxpayer.

AB 1269 (Bill Campbell)
This bill would allow a 25 percent credit for the amount paid or incurred for an energy-reducing device.

AB 1353 (Wiggins)
This bill would allow a 100 percent credit for the amount of any political contributions to a controlled committee of a candidate, political party committee, or small contributor committee subject to the following limitations:

. $200 for married couples filing joint returns, a head of household, or a surviving spouse;
. $100 for an individual.

AB 1366 (Harman)
This bill would increase to 24 percent the credit for qualified research and development costs related to energy conservation and efficiency technology.

AB 1383 (Daucher)
This bill would provide that the dependent exemption credit may be divided between parents equally regardless of marital or filing status or support provided.

Continued on page 9

July/August 2001

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