Bill Text: CA AB1031 | 2017-2018 | Regular Session | Amended
Bill Title: Personal income taxes: voluntary contributions: Rare and Endangered Species Preservation Program: Native California Wildlife Rehabilitation Voluntary Tax Contribution Fund.
Spectrum: Slight Partisan Bill (Democrat 5-3)
Status: (Passed) 2017-10-05 - Chaptered by Secretary of State - Chapter 504, Statutes of 2017. [AB1031 Detail]
Download: California-2017-AB1031-Amended.html
Amended
IN
Assembly
April 04, 2017 |
Amended
IN
Assembly
March 20, 2017 |
Assembly Bill | No. 1031 |
Introduced by Assembly Member Waldron (Coauthors: Assembly Members Chiu, Daly, and Cristina Garcia) (Coauthors: Senators Atkins and Bates) |
February 16, 2017 |
LEGISLATIVE COUNSEL'S DIGEST
Digest Key
Vote: MAJORITY Appropriation:Bill Text
The people of the State of California do enact as follows:
SECTION 1.
Article 5.2 (commencing with Section 18749) is added to Chapter 3 of Part 10.2 of Division 2 of the Revenue and Taxation Code, to read:Article 5.2. Native California Wildlife Rehabilitation Voluntary Tax Contribution Fund
18749.
(a) An individual may designate on the tax return that a contribution in excess of the tax liability, if any, be made to the Native California Wildlife Rehabilitation Voluntary Tax Contribution Fund, established by Section 18749.1. That designation is to be used as a voluntary checkoff on the tax return.18749.1.
There is in the State Treasury the Native California Wildlife Rehabilitation Voluntary Tax Contribution Fund to receive contributions made pursuant to Section 18749. The Franchise Tax Board shall notify the Controller of both the amount of money paid by taxpayers in excess of their tax liability and the amount of refund money that taxpayers have designated pursuant to Section 18749 to be transferred to the Native California Wildlife Rehabilitation Voluntary Tax Contribution Fund. The Controller shall transfer from the Personal Income Tax Fund to the Native California Wildlife Rehabilitation Voluntary Tax Contribution Fund an amount not in excess of the sum of the amounts designated by individuals pursuant to Section 18749 for payment into that fund.All money transferred to the Native California Wildlife Rehabilitation Fund, upon appropriation by the Legislature,
18749.2.
(a) Notwithstanding Section 13340 of the Government Code, all moneys transferred to the Native California Wildlife Rehabilitation Voluntary Tax Contribution Fund shall be continuously appropriated and allocated as follows:(a)
(b)
18749.3.
(a) Except as otherwise provided in subdivision (b), this article shall remain operative only until January 1 of the(A)Determine the minimum contribution amount required to be received during the next calendar year for the fund
to appear on the tax return for the taxable year that includes that next calendar year.
(B)Provide written notification to the Department of Fish and Wildlife of the amount determined in subparagraph (A).
(c)For each calendar year, beginning with the third calendar year after the first appearance of the Native California Wildlife Rehabilitation Fund on the tax return, the Franchise Tax Board shall adjust, on or before September 1 of that calendar year, the minimum estimated contribution amount specified in
subdivision (b) as follows:
(1)The minimum contribution amount for the calendar year shall be an amount equal to the product of the minimum contribution amount for the prior calendar year, multiplied by the inflation factor adjustment as specified in paragraph (2) of subdivision (h) of Section 17041, rounded off to the nearest dollar.
(2)The inflation factor adjustment used for the calendar year shall be based on the figures for the percentage change in the California Consumer Price Index received on or before August 1 of the calendar year pursuant to paragraph (1) of subdivision (h) of Section 17041.