Council File: 18-0002-S60
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. |
|
| 05/25/2018 | Council adopted item, subject to reconsideration, pursuant to Council Rule 51. |
|
| 05/23/2018 | Rules, Elections and Intergovernmental Relations Committee approved item(s) . |
|
| 05/21/2018 | City Clerk scheduled item for Council on May 25, 2018(Committee report to be submitted in Council). |
|
| 05/21/2018 | Rules, Elections and Intergovernmental Relations Committee scheduled item for committee meeting on May 23, 2018. |
|
| 05/18/2018 | Chief Legislative Analyst document(s) referred to Rules, Elections and Intergovernmental Relations Committee. |
|
| 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. |
|
| 05/11/2018 | Resolution document(s) referred to Rules, Elections and Intergovernmental Relations Committee. |
|
Online Documents (Doc)
| Title | Doc Date |
|---|
| Council Action | 05/30/2018 |
| Speaker Card(s) | 05/25/2018 |
| Report from Rules, Elections, and Intergovernmental Relations Committee | 05/23/2018 |
| Speaker Card(s) | 05/23/2018 |
| Report from Chief Legislative Analyst | 05/18/2018 |
| Resolution | 05/11/2018 |
Council Vote Information
| 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 |