Council File: 18-0002-S60Subscribe via emailPrint this recordPublic Comment

Title
AB 2731 (Gipson) / Hedge Funds and Private Equity Funds / Close Carried Interest / Impose Additional Tax Rate / Use Revenues for Various Education Needs
Date Received / Introduced
05/11/2018
Last Changed Date
05/30/2018
Expiration Date
05/25/2020
Reference Numbers
Chief Legislative Analyst Report: 18-05-0459
Mover
MARQUEECE HARRIS-DAWSON
Second
CURREN D. PRICE, JR.
File Activities
Date Activity  
05/30/2018 Council action final. Click to view online docs
05/25/2018 Council adopted item, subject to reconsideration, pursuant to Council Rule 51. Click to view online docs
05/23/2018 Rules, Elections, and Intergovernmental Relations Committee approved item(s) . Click to view online docs
05/21/2018 City Clerk scheduled item for Council on May 25, 2018 (Committee report to be submitted in Council). Click to view online docs
05/21/2018 Rules, Elections, and Intergovernmental Relations Committee scheduled item for committee meeting on May 23, 2018. Click to view online docs
05/18/2018 Chief Legislative Analyst document(s) referred to Rules, Elections, and Intergovernmental Relations Committee. Click to view online docs
05/18/2018 Document(s) submitted by Chief Legislative Analyst, as follows:

Chief Legislative Analyst report 18-05-0459, dated May 18, 2018, relative to Resolution (Harris-Dawson - Price, Jr.) - to include in its 2017-18 State Legislative Program its position for AB 2371 (Gipson), which would close the carried interest loophole by levying an additional tax rate of 17 percent on the portion of a taxpayer's taxable income derived from managing a hedge fund or private equity and would allocate the revenues to various education purposes.
Click to view online docs
05/11/2018 Resolution document(s) referred to Rules, Elections, and Intergovernmental Relations Committee. Click to view online docs

Online Documents (Doc)

  Council Vote Information  

Meeting Date: 05/25/2018
Meeting Type: Regular
Vote Action: Adopted
Vote Given: (11 - 0 - 4)
Member Name CD Vote
BOB BLUMENFIELD 3 YES
MIKE BONIN 11 YES
JOE BUSCAINO 15 YES
GILBERT A. CEDILLO 1 YES
MITCHELL ENGLANDER 12 ABSENT
MARQUEECE HARRIS-DAWSON 8 YES
JOSE HUIZAR 14 ABSENT
PAUL KORETZ 5 YES
PAUL KREKORIAN 2 YES
NURY MARTINEZ 6 YES
MITCH O'FARRELL 13 YES
CURREN D. PRICE 9 ABSENT
MONICA RODRIGUEZ 7 YES
DAVID RYU 4 YES
HERB WESSON 10 ABSENT