The California State Legislature is the state legislature of the U.S. state of California. It is a bicameral body consisting of the lower house, the California State Assembly, with 80 members, and the upper house, the California State Senate, with 40 members.[1] New legislators convene each new two-year session, to organize, in the Assembly and Senate Chambers, respectively, at noon on the first Monday in December following the election.[2] After the organizational meeting, both houses are in recess until the first Monday in January, except when the first Monday is January 1 or January 1 is a Sunday, in which case they meet the following Wednesday. Aside from the recess, the legislature is in session year-round.[3]
The state senate currently consists of 26 Democrats and 14 Republicans, and the Assembly consists of 52 Democrats and 28 Republicans. Except for the period from 1995 to 1996, the Assembly has been in Democratic hands since the 1970 election (even while the governor's office has gone back and forth between Republicans and Democrats). The Senate has been in Democratic hands continuously since 1970.
The following table estimates the Obamacare tax penalty for a single taxpayer who is uninsured for the entire year in 2015. As discussed above, "income" is the amount earned in excess of $10,300, the income tax filing threshold for an individual in 2015.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.