Bill Text: CA SB1476 | 2015-2016 | Regular Session | Chaptered
Bill Title: Personal income taxes: voluntary contributions.
Spectrum: Slight Partisan Bill (Democrat 5-2)
Status: (Passed) 2016-09-24 - Chaptered by Secretary of State. Chapter 597, Statutes of 2016. [SB1476 Detail]
Download: California-2015-SB1476-Chaptered.html
BILL NUMBER: SB 1476 CHAPTERED
BILL TEXT
CHAPTER 597
FILED WITH SECRETARY OF STATE SEPTEMBER 24, 2016
APPROVED BY GOVERNOR SEPTEMBER 24, 2016
PASSED THE SENATE AUGUST 25, 2016
PASSED THE ASSEMBLY AUGUST 15, 2016
AMENDED IN ASSEMBLY JUNE 16, 2016
AMENDED IN SENATE APRIL 14, 2016
INTRODUCED BY Committee on Governance and Finance (Senators
Hertzberg (Chair), Beall, Hernandez, Lara, Moorlach, Nguyen, and
Pavley)
MARCH 7, 2016
An act to add Section 18873 to the Revenue and Taxation Code,
relating to taxation.
LEGISLATIVE COUNSEL'S DIGEST
SB 1476, Committee on Governance and Finance. Personal income
taxes: voluntary contributions.
Existing law authorizes taxpayers to contribute amounts in excess
of their personal income tax liability for the support of specified
funds. Existing law also has administrative provisions applicable to
voluntary contributions.
This bill would include, as generally applicable administrative
provisions, that any new or extended voluntary contribution that
takes effect on or after January 2, 2017, include the words
"voluntary tax contribution" in the name of the fund, that the
administering agency, as defined, include specified information about
the fund on its Internet Web site, that the contributions made be
continuously appropriated from the fund to the administering agency,
and minimum contribution amount for the continuation of any voluntary
tax contribution on the tax return form, and a generally applicable
repeal date for a voluntary tax contribution.
THE PEOPLE OF THE STATE OF CALIFORNIA DO ENACT AS FOLLOWS:
SECTION 1. Section 18873 is added to the Revenue and Taxation
Code, to read:
18873. Notwithstanding any other law, all of the following
requirements shall apply to any new voluntary tax contributions,
including an extension of any existing voluntary tax contribution:
(a) The words "voluntary tax contribution" shall be included as
part of the name of the fund.
(b) (1) The administering agency's Internet Web site shall report
the process for awarding money, the amount of money spent on
administration, and an itemization of how program funds were awarded
by the agency, including, but not limited to, information regarding
recipients of funds.
(2) An "administering agency" means the state agency or other
governmental entity, other than the Franchise Tax Board and the
Controller, to which funds are allocated to accomplish the purposes
of the voluntary tax contribution designation.
(c) (1) Except as otherwise provided in paragraph (2) or where
another inoperative or repeal date is provided, the article
establishing the voluntary tax contribution shall remain in effect
only until January 1 of the seventh calendar year following the first
appearance of the contribution on the personal income tax return,
and is repealed as of December 1 of that year.
(2) The minimum contribution amount that must be received for the
fund to continue appearing on the tax return is two hundred fifty
thousand dollars ($250,000) for the second calendar year after the
first appearance of the fund on the personal income tax return and
each calendar year thereafter.
(d) Contributions made pursuant to the voluntary tax contribution
shall be continuously appropriated from the fund to the administering
agency to be spent as prescribed in the act in which the voluntary
tax contribution is enacted.
(e) This section shall apply only to new voluntary tax
contributions, including an extension of any existing voluntary tax
contribution, that take effect on or after January 2, 2017.
