California Higher Education Endowment Corporation: oil and gas severance tax.
An act to add Chapter 8 (commencing with Section 99500) to Part 65 of Division 14 of Title 3 of the Education Code, and to add Part 21 (commencing with Section 42001) to Division 2 of the Revenue and Taxation Code, relating to postsecondary education, making an appropriation therefor, and declaring the urgency thereof, to take effect immediately.
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Status:
Amended Senate April 22, 2010 In Committee Process
Digest: (1) Existing law establishes the University of California, under the administration of the Regents of the University of California, the California State University, under the administration of the Trustees of the California State University, and the ... »More
Digest: (1) Existing law establishes the University of California, under the administration of the Regents of the University of California, the California State University, under the administration of the Trustees of the California State University, and the California Community Colleges, under the administration of the Board of Governors of the California Community Colleges, as the 3 segments of public postsecondary education in this state. This bill would establish the California Higher Education Endowment Corporation (CHEEC) in state government . The bill would establish an oversight board to govern the CHEEC and would require that board to appoint the chief executive officer of the CHEEC. The bill would require the CHEEC to annually allocate the moneys in the continuously appropriated CaliforniaHigher Education Fund, which would be created by the bill, to the California Community Colleges, the California State University, and the University of California, as specified. The bill also would authorize the board to invest the moneys in the fund in accordance with prescribed procedures. (2) Existing law imposes various taxes, including taxes on the privilege of engaging in certain activities. The Fee Collection Procedures Law, the violation of which is a crime, provides procedures for the collection of certain fees and surcharges. This bill would impose an oil and gas severance tax upon any producer , except as provided, for the privilege of severing oil or gas from the earth or water in this state for sale, transport, consumption, storage,profit, or use, as provided, at a rate of 12.5% of the gross value of the product. The tax would be administered by the State Board of Equalization and would be collected pursuant to the procedures set forth in the Fee Collection Procedures Law. The bill would require the board to deposit all taxes, penalties, and interest collected pursuant to these provisions in the California Higher Education Fund, as provided. Because this bill would expand application of the Fee Collection Procedures Law, the violation of which is a crime, it would impose a state-mandated local program. (3) The California Constitution requires the state to reimburse local agencies and school districts for certain costs mandated by the state. Statutory provisions establish procedures for making that reimbursement. This billwould provide that no reimbursement is required by this act for a specified reason. (4) This bill would declare that it is to take effect immediately as an urgency statute. »Less
Bill history [ Beta! ]
Location: Senate Committee Sen Education Sen Education
June 22, 2010
In committee: Set, second hearing. Hearing canceled at the request of author.
June 9, 2010
In committee: Set, first hearing. Hearing canceled at the request of author.
April 22, 2010
From committee chair, with author's amendments: Amend, and re-refer to committee. Read second time, amended, and re-referred to Com. on ED.
California Higher Education Endowment Corporation: oil and gas severance tax.
An act to add Chapter 8 (commencing with Section 99500) to Part 65 of Division 14 of Title 3 of the Education Code, and to add Part 21 (commencing with Section 42001) to Division 2 of the Revenue and Taxation Code, relating to postsecondary education, making an appropriation therefor, and declaring the urgency thereof, to take effect immediately.
Digest: (1) Existing law establishes the University of California, under the administration of the Regents of the University of California, the California State University, under the administration of the Trustees of the California State University, and the ... »More
Digest: (1) Existing law establishes the University of California, under the administration of the Regents of the University of California, the California State University, under the administration of the Trustees of the California State University, and the California Community Colleges, under the administration of the Board of Governors of the California Community Colleges, as the 3 segments of public postsecondary education in this state. This bill would establish the California Higher Education Endowment Corporation (CHEEC) in state government . The bill would establish an oversight board to govern the CHEEC and would require that board to appoint the chief executive officer of the CHEEC. The bill would require the CHEEC to annually allocate the moneys in the continuously appropriated CaliforniaHigher Education Fund, which would be created by the bill, to the California Community Colleges, the California State University, and the University of California, as specified. The bill also would authorize the board to invest the moneys in the fund in accordance with prescribed procedures. (2) Existing law imposes various taxes, including taxes on the privilege of engaging in certain activities. The Fee Collection Procedures Law, the violation of which is a crime, provides procedures for the collection of certain fees and surcharges. This bill would impose an oil and gas severance tax upon any producer , except as provided, for the privilege of severing oil or gas from the earth or water in this state for sale, transport, consumption, storage,profit, or use, as provided, at a rate of 12.5% of the gross value of the product. The tax would be administered by the State Board of Equalization and would be collected pursuant to the procedures set forth in the Fee Collection Procedures Law. The bill would require the board to deposit all taxes, penalties, and interest collected pursuant to these provisions in the California Higher Education Fund, as provided. Because this bill would expand application of the Fee Collection Procedures Law, the violation of which is a crime, it would impose a state-mandated local program. (3) The California Constitution requires the state to reimburse local agencies and school districts for certain costs mandated by the state. Statutory provisions establish procedures for making that reimbursement. This billwould provide that no reimbursement is required by this act for a specified reason. (4) This bill would declare that it is to take effect immediately as an urgency statute. »Less
March 17, 2010
Re-referred to Coms. on ED. and REV. & TAX.
Location: Senate Committee Sen Rules Sen Rules
March 8, 2010
From committee chair, with author's amendments: Amend, and re-refer to committee. Read second time, amended, and re-referred to Com. on RLS.
State Board of Equalization: annual report: oil and gas severance tax revenue estimates.
An act to add Chapter 8 (commencing with Section 99500) to Part 65 of Division 14 of Title 3 of the Education Code, and to add Part 21 (commencing with Section 42001) to Division 2 of the Revenue and Taxation Code, relating to postsecondary education, making an appropriation therefor, and declaring the urgency thereof, to take effect immediately.
Digest: (1) Existing law establishes the University of California, under the administration of the Regents of the University of California, the California State University, under the administration of the Trustees of the California State University, and ... »More
Digest: (1) Existing law establishes the University of California, under the administration of the Regents of the University of California, the California State University, under the administration of the Trustees of the California State University, and the California Community Colleges, under the administration of the Board of Governors of the California Community Colleges, as the 3 segments of public postsecondary education in this state. This bill would establish the California Higher Education Endowment Corporation (CHEEC). The bill would establish an oversight board to govern the CHEEC and would require that board to appoint the chief executive officer of the CHEEC. The bill would require the CHEEC to annually allocate the moneys in the continuously appropriated California Higher Education Fund, which would be created by the bill, to the California Community Colleges, the California State University, and the University of California, as specified. The bill also would authorizethe board to invest the moneys in the fund in accordance with prescribed procedures. (2) Existing law imposes various taxes, including taxes on the privilege of engaging in certain activities. The Fee Collection Procedures Law, the violation of which is a crime, provides procedures for the collection of certain fees and surcharges. This bill would impose an oil and gas severance tax upon any producer for the privilege of severing oil or gas from the earth or water in this state for sale, transport, consumption, storage, profit, or use, as provided, at a rate of 12.5% of the gross value of the product. The tax would be administered by the State Board of Equalization and would be collected pursuant to the procedures set forth in the Fee Collection Procedures Law. The bill would require the board to deposit all taxes, penalties, and interest collectedpursuant to these provisions in the California Higher Education Fund, as provided. Because this bill would expand application of the Fee Collection Procedures Law, the violation of which is a crime, it would impose a state-mandated local program. (3) The California Constitution requires the state to reimburse local agencies and school districts for certain costs mandated by the state. Statutory provisions establish procedures for making that reimbursement. This bill would provide that no reimbursement is required by this act for a specified reason. (4) This bill would declare that it is to takeeffect immediately as an urgency statute. »Less
Feb. 11, 2010
Referred to Com. on RLS.
Location: Senate Rules SenateRules
Jan. 28, 2010
In Senate. Read first time. To Com. on RLS. for assignment.
State Board of Equalization: annual report: oil and gas severance tax revenue estimates.
An act to add Part 21 (commencing with Section 42001) to Division 2 of the Revenue and Taxation Code, relating to taxation.
Digest: Existing law establishes the University of California, under the administration of the Regents of the University of California, the California State University, under the administration of the Trustees of the California State University, and the ... »More
Digest: Existing law establishes the University of California, under the administration of the Regents of the University of California, the California State University, under the administration of the Trustees of the California State University, and the California Community Colleges, under the administration of the Board of Governors of the California Community Colleges, as the 3 segments of public postsecondary education in this state. Existing law requires the State Board of Equalization to administer and collect sales and use taxes, motor vehicle fuel and diesel taxes, alcohol taxes, cigarette and tobacco products taxes, and other taxes and fees. This bill would require the board, on or before November 1 of each year, to report to the Legislature, the Regents of the University of California, the Trustees of the California State University, and the Board of Governors of the California Community Colleges the estimated amount of revenue that would be raised if an oiland natural gas severance tax were imposed upon any producer for the privilege of severing oil or gas from the earth or water in the state at the rate of 12.5% per barrel. The report shall include a summary of the estimated amount of revenues that would be distributed to specified institutions of higher education, as provided. »Less
Location: Assembly Floor Asm Appropriations
Jan. 21, 2010
From committee: Amend, and do pass as amended. (Ayes 12. Noes 5.) (January 21).
California Higher Education Endowment Corporation: oil and gas severance tax.
An act to add Chapter 8 (commencing with Section 99500) to Part 65 of Division 14 of Title 3 of the Education Code, and to add Part 21 (commencing with Section 42001) to Division 2 of the Revenue and Taxation Code, relating to postsecondary education, and making an appropriation therefor, and declaring the urgency thereof, to take effect immediately.
Digest: (1) Existing law establishes the University of California, under the administration of the Regents of the University of California, the California State University, under the administration of the Trustees of the California State University, and the ... »More
Digest: (1) Existing law establishes the University of California, under the administration of the Regents of the University of California, the California State University, under the administration of the Trustees of the California State University, and the California Community Colleges, under the administration of the Board of Governors of the California Community Colleges, as the 3 segments of public postsecondary education in this state. This bill would establish the California Higher Education Endowment Corporation (CHEEC). The bill would establish an oversight board to govern the CHEEC and would require that board to appoint the chief executive officer of the CHEEC. The bill would require the CHEEC to annually allocate the moneys in the continuously appropriated California Higher Education Fund, which would be created by the bill, to the California Community Colleges, the California State University,and the University of California, as specified. The bill also would authorize the board to invest the moneys in the fund in accordance with prescribed procedures. (2) Existing law imposes various taxes, including taxes on the privilege of engaging in certain activities. The Fee Collection Procedures Law, the violation of which is a crime, provides procedures for the collection of certain fees and surcharges. This bill would impose an oil and gas severance tax upon any producer for the privilege of severing oil or gas from the earth or water in this state for sale, transport, consumption, storage, profit, or use, as provided, at a rate of 12.5% of the gross value of the product. The tax would be administered by the State Board of Equalization, and would be collected pursuant to the procedures set forth in the Fee Collection Procedures Law. The bill would require the board to deposit all tax revenues, penalties, and interest collected pursuant to these provisions, except as specified, in the California Higher Education Fund. Because this bill would expand application of the Fee Collection Procedures Law, the violation of which is a crime, it would impose a state-mandated local program. (3) The California Constitution requires the state to reimburse local agencies and school districts for certain costs mandated by the state. Statutory provisions establish procedures for making that reimbursement. This bill would provide that no reimbursement is required by this act fora specified reason. (4) This bill would declare that it is to take effect immediately as an urgency statute. »Less
Jan. 13, 2010
From committee: Amend, do pass as amended, and re-refer to Com. on APPR. (Ayes 5. Noes 2.) (January 11).
Location: Assembly Committee Asm Revenue and Taxation Asm Revenue and Taxation
Jan. 12, 2010
In committee: Set, first hearing. Referred to REV. & TAX. suspense file.
Jan. 11, 2010
In committee: Set, first hearing. Referred to REV. & TAX. suspense file.
California Higher Education Endowment Corporation: oil and gas severance tax.
An act to add Chapter 8 (commencing with Section 99500) to Part 65 of Division 14 of Title 3 of the Education Code, and to add Part 21 (commencing with Section 42001) to Division 2 of the Revenue and Taxation Code, relating to postsecondary education, and making an appropriation therefor, and declaring the urgency thereof, to take effect immediately.
Digest: (1) Existing law establishes the University of California, under the administration of the Regents of the University of California, the California State University, under the administration of the Trustees of the California State University, and the ... »More
Digest: (1) Existing law establishes the University of California, under the administration of the Regents of the University of California, the California State University, under the administration of the Trustees of the California State University, and the California Community Colleges, under the administration of the Board of Governors of the California Community Colleges, as the 3 segments of public postsecondary education in this state. This bill would establish the California Higher Education Endowment Corporation (CHEEC). The bill would establish an oversight board to govern the CHEEC and would require that board to appoint the chief executive officer of the CHEEC. The bill would require the CHEEC to annually allocate the moneys in the continuously appropriated California Higher Education Fund, which would be created by the bill, to the California Community Colleges, the California State University,and the University of California, as specified. The bill also would authorize the board to invest the moneys in the fund in accordance with prescribed procedures. (2) Existing law imposes various taxes, including taxes on the privilege of engaging in certain activities. The Fee Collection Procedures Law, the violation of which is a crime, provides procedures for the collection of certain fees and surcharges. This bill would impose an oil and gas severance tax, on and after January 1, 2010, upon any producer for the privilege of severing oil or gas from the earth or water in this state for sale, transport, consumption, storage, profit, or use, as provided, at a specified rate of 12.5 % of the gross product. The tax would be administered by theState Board of Equalization, and would be collected pursuant to the procedures set forth in the Fee Collection Procedures Law. The bill would require the board to deposit all tax revenues, penalties, and interest collected pursuant to these provisions, except as specified, in the California Higher Education Fund. Because this bill would expand application of the Fee Collection Procedures Law, the violation of which is a crime, it would impose a state-mandated local program. (3) The California Constitution requires the state to reimburse local agencies and school districts for certain costs mandated by the state. Statutory provisions establish procedures for making that reimbursement. This bill would provide that no reimbursement is required by this act for a specified reason. (4) This bill would declare that it is to take effect immediately as an urgency statute. »Less
California Higher Education Endowment Corporation: oil and gas severance tax.
An act to add Chapter 8 (commencing with Section 99500) to Part 65 of Division 14 of Title 3 of the Education Code, and to add Part 21 (commencing with Section 42001) to Division 2 of the Revenue and Taxation Code, relating to postsecondary education, and making an appropriation therefor, and declaring the urgency thereof, to take effect immediately .
Digest: (1) Existing law establishes the University of California, under the administration of the Regents of the University of California, the California State University, under the administration of the Trustees of the California State University, and the ... »More
Digest: (1) Existing law establishes the University of California, under the administration of the Regents of the University of California, the California State University, under the administration of the Trustees of the California State University, and the California Community Colleges, under the administration of the Board of Governors of the California Community Colleges, as the 3 segments of public postsecondary education in this state. This bill would establish the California Higher Education Endowment Corporation (CHEEC). The bill would establish an oversight board to govern the CHEEC and would require that board to appoint the chief executive officer of the CHEEC. The bill would require the CHEEC to annually allocate the moneys in the continuously appropriated California Higher Education Fund, which would be created by the bill , to the California Community Colleges , the California State University , and the University of California , as specified . The bill also would authorize the board toinvest the moneys in the fund in accordance with prescribed procedures. (2) Existing law imposes various taxes, including taxes on the privilege of engaging in certain activities. The Fee Collection Procedures Law, the violation of which is a crime, provides procedures for the collection of certain fees and surcharges. This bill would impose an oil and gas severance tax , on and after January 1, 2010, upon any producer for the privilege of severing oil or gas from the earth or water in this state for sale, transport, consumption, storage, profit, or use, as provided, at a specified rate of 9.9% of the gross product . The tax would be administered by the State Board of Equalization, and would be collected pursuant to theprocedures set forth in the Fee Collection Procedures Law. The bill would require the board to deposit all tax revenues, penalties, and interest collected pursuant to these provisions, except as specified, in the California Higher Education Fund. Because this bill would expand application of the Fee Collection Procedures Law, the violation of which is a crime, it would impose a state-mandated local program. (3) This bill would result in a change in state taxes for the purpose of increasing state revenues within the meaning of Section 3 of Article XIII A of the California Constitution, and thus would require for passage the approval of 2 3 of the membership of each house of the Legislature. (4) The California Constitution requires the state to reimburse local agencies and schooldistricts for certain costs mandated by the state. Statutory provisions establish procedures for making that reimbursement. This bill would provide that no reimbursement is required by this act for a specified reason. (5) This bill would declare that it is to take effect immediately as an urgency statute. »Less
July 8, 2009
From committee: Amend, do pass as amended, and re-refer to Com. on REV. & TAX. (Ayes 5. Noes 3.) (July 7).
California Higher Education Endowment Corporation: oil and gas severance tax.
An act to add Chapter 8 (commencing with Section 99500) to Part 65 of Division 14 of Title 3 of the Education Code, and to add Part 21 (commencing with Section 42001) to Division 2 of the Revenue and Taxation Code, relating to postsecondary education, and making an appropriation therefor, to take effect immediately, tax levy.
Digest: (1) Existing law establishes the University of California, under the administration of the Regents of the University of California, the California State University, under the administration of the Trustees of the California State University, and the ... »More
Digest: (1) Existing law establishes the University of California, under the administration of the Regents of the University of California, the California State University, under the administration of the Trustees of the California State University, and the California Community Colleges, under the administration of the Board of Governors of the California Community Colleges, as the 3 segments of public postsecondary education in this state. This bill would establish the California Higher Education Endowment Corporation (CHEEC). The bill would establish an oversight board to govern the CHEEC and would require that board to appoint the chief executive officer of the CHEEC. The bill would require the CHEEC to annually allocate an unspecified percentage of the moneys in the continuously appropriated California Higher Education Fund, which would be created in the General Fund, to the California CommunityColleges for curriculum and programs related to renewable energy and to annually allocate remaining moneys in the fund to the California State University and the University of California. The bill also would authorize the board to invest the moneys in the fund in accordance with prescribed procedures. (2) Existing law imposes various taxes, including taxes on the privilege of engaging in certain activities. The Fee Collection Procedures Law, the violation of which is a crime, provides procedures for the collection of certain fees and surcharges. This bill would impose an oil and gas severance tax on and after January 1, 2010, upon any producer for the privilege of severing oil or gas from the earth or water in this state for sale, transport, consumption, storage, profit, or use, as provided, at a specified rate. The tax would be administered by the State Board of Equalization, and would be collected pursuant to the procedures set forthin the Fee Collection Procedures Law. The bill would require the board to deposit all tax revenues, penalties, and interest collected pursuant to these provisions, except as specified, in the California Higher Education Fund. Because this bill would expand application of the Fee Collection Procedures Law, the violation of which is a crime, it would impose a state-mandated local program. (3) This bill would result in a change in state taxes for the purpose of increasing state revenues within the meaning of Section 3 of Article XIII A of the California Constitution, and thus would require for passage the approval of 2 3 of the membership of each house of the Legislature. (4) The California Constitution requires the state to reimburse local agencies and school districts for certaincosts mandated by the state. Statutory provisions establish procedures for making that reimbursement. This bill would provide that no reimbursement is required by this act for a specified reason. (5) This bill would take effect immediately as a tax levy. »Less
State Sen. Ashburn's secret gay life; California state college costs; South Carolina's campaign Los Angeles Times - Editorial, June 17, 2010
... to keep the fees low and promote higher education: Assemblyman Alberto Torrico (D-Fremont) proposed AB 656, a tax on oil extracted from the state, to be paid by oil companies and not passed on to consumers. This tax exists in such oil-producing states as Alaska and Texas, and the ...
Alberto Torrico: Focus on Attacking California's Problems - Not Fellow Democrats The Huffington Post - Blog, June 6, 2010
... ig.entry_digg_promo_url = 'http:
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Viewpoints: New oil tax: A gusher for state's universities, future Sacramento Bee - Opinion, May 16, 2010
Viewpoints: New oil tax: A gusher for state's universities, future - Sacramento Opinion - Sacramento Editorial | Sacramento Bee
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Alberto Torrico: focused on education San Francisco Chronicle - Politics Blog, May 6, 2010
SFGate: Politics Blog : Alberto Torrico: focused on education
Blog:SFGate: Politics Blog: 62934 : Alberto Torrico: focused on education
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Alberto Torrico: Keeping the Promise of California's Master Plan for Higher Education The Huffington Post - Blog, April 29, 2010
... rnia's Master Plan for Higher Education
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Top Parties at the California Democratic Convention The Liberal OC (blog), April 15, 2010
... e performed alongside Luis Miguel and Marc Anthony.”
(Note – Be prepared to hear about AB 656, “Fair Share for Fair Tuition”)
Enjoy! And if you missed them, be sure to read:
Nancy Pelosi Heads Speakers at California Democratic Convention
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Letter of the Day: Oil taxes could help fund California colleges Torrance Daily Breeze - Opinion, April 14, 2010
... colleges
On April 6, there was a rally in Wilmington at Ken Malloy Park. That rally was to promote AB 656, known as Fair Share for Fair Tuition. It was authored by Alberto Torrico, candidate for attorney general. That bill would create a new higher education fund using a severanc ...
AB 656: A Movement Both Offline and On Calitics - Calitics weblog, April 6, 2010
... Calitics:: AB 656: A Movement Both Offline and On
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Version: Amended Senate
Bill language:
