Bill Text: CA AB2197 | 2023-2024 | Regular Session | Amended
Bill Title: Personal income taxes: Protect Our Coast and Oceans Voluntary Tax Contribution Fund.
Spectrum: Partisan Bill (Democrat 2-0)
Status: (Engrossed) 2024-06-27 - In Assembly. Concurrence in Senate amendments pending. May be considered on or after June 29 pursuant to Assembly Rule 77. [AB2197 Detail]
Download: California-2023-AB2197-Amended.html
|
Amended
IN
Senate
June 13, 2024 |
CALIFORNIA LEGISLATURE—
2023–2024 REGULAR SESSION
Assembly Bill
No. 2197
| Introduced by Assembly Member Addis (Principal coauthor: Senator Blakespear) |
February 07, 2024 |
An act to amend Section 18748 of the Revenue and Taxation Code, relating to taxation, and making an appropriation therefor.
LEGISLATIVE COUNSEL'S DIGEST
AB 2197, as amended, Addis.
Personal income taxes: Protect Our Coast and Oceans Voluntary Tax Contribution Fund.
Existing law allows an individual, until January 1, 2025, to designate on their personal income tax return that a specified amount in excess of their tax liability be contributed to the California Beach and Coastal Enhancement Account under a space on the tax return titled “Protect Our Coast and Oceans Voluntary Tax Contribution Fund.” Existing law requires these moneys to be continuously appropriated and allocated to the Franchise Tax Board, the Controller, and the California Coastal Commission to support eligible programs awarded grants under the selection criteria established by the California Coastal Commission for the Whale Tail Grants Program. Existing law repeals these provisions on December 1, 2025, or on December 1 of the year that the minimum contribution amount of $250,000 is not met, as specified.
This bill would extend the
operation of the fund provisions until January 1, 2032, unless the minimum contribution amount of $250,000 is not met, as specified. By extending the operation of a continuously appropriated fund, the bill would make an appropriation.
Digest Key
Vote: MAJORITY Appropriation: YES Fiscal Committee: YES Local Program: NOBill Text
The people of the State of California do enact as follows:
SECTION 1.
Section 18748 of the Revenue and Taxation Code is amended to read:18748.
(a) Except as otherwise provided in subdivision (b), this article shall remain in effect only until January 1, 2032, and is repealed as of December 1 of that year.(b) (1) By September 1 of the 2018 calendar year and each subsequent calendar year thereafter that the Protect Our Coast and Oceans Voluntary Tax Contribution Fund appears on the tax return, the Franchise Tax Board shall determine whether the amount of contributions estimated to be received during the calendar year will equal or exceed
the minimum contribution amount for the calendar year pursuant to paragraph (3). The Franchise Tax Board shall estimate the amount of contributions to be received by using the actual amounts received and an estimate of the contributions that will be received by the end of that calendar year.
(2) If the Franchise Tax Board determines that the amount of the contributions estimated to be received during a calendar year will not at least equal the minimum contribution amount for the calendar year, this article is inoperative with respect to taxable years beginning on or after January 1 of that calendar year, and shall be repealed on December 1 of that calendar year.
(3) For purposes of this section, the minimum contribution amount for a calendar year means two hundred fifty thousand dollars
($250,000).
