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ASSEMBLY BILL 2785 (NOLAN � 1988)

CHAPTER 1463, STATUTES OF 1988, AB 2785

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Government Code section 7082 and several Revenue and Taxation Code sections were affected with the passage of Assembly Bill 2785 of 1988. (See Exhibit #1e) Assembly member Pat Nolan introduced this measure on January 13, 1988. (See Exhibit #1a)

Assembly Bill 2785 was assigned to the Assembly Committee on Revenue and Taxation and the Senate Committee on Revenue and Taxation where policy issues raised by the bill were considered. (See Exhibits #3 and #8) The fiscal ramifications of the bill were considered by the Assembly Committee on Ways and Means and the Senate Committee on Appropriations. (See Exhibits #2 and #4) Four amendments were made to Assembly Bill 2785. (See Exhibits #1b through #1e and #2) Subsequent to legislative approval, Governor George Deukmejian signed the bill on September 27, 1988, and it was recorded by the Secretary of State on September 28, 1988 as Chapter 1463 of the Statutes of 1988. (See Exhibits #1f and #2)

The Office of Senate Floor Analyses Third Reading analysis of Assembly Bill 2785, as last amended on August 25, 1988, summarized the measure as follows:

This bill deletes the sunset date for certain Personal Income Tax (PIT) and Bank and Corporation (B&C) incentives authorized in state law for investment made in enterprise zone and program areas. The bill also increases the credit allowed employers for wages paid to certain program area employees.

Double-joined with SB 368.
(See Exhibit #12b, page 1)