Bill Text: CA AB347 | 2009-2010 | Regular Session | Enrolled

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Bill Title: Income and corporation taxes: charitable contributions:

Spectrum: Slight Partisan Bill (Democrat 55-27)

Status: (Passed) 2010-03-15 - Chaptered by Secretary of State - Chapter 8, Statutes of 2010. [AB347 Detail]

Download: California-2009-AB347-Enrolled.html

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BILL NUMBER: AB 347	ENROLLED
	BILL TEXT

	PASSED THE SENATE  FEBRUARY 22, 2010
	PASSED THE ASSEMBLY  MARCH 4, 2010
	AMENDED IN SENATE  FEBRUARY 16, 2010
	AMENDED IN ASSEMBLY  JANUARY 27, 2010
	AMENDED IN ASSEMBLY  MAY 4, 2009
	AMENDED IN ASSEMBLY  APRIL 21, 2009

INTRODUCED BY   Assembly Member Bass
   (Principal coauthors: Assembly Members Block, Charles Calderon,
and John A. Perez)
   (Coauthors: Assembly Members Adams, Ammiano, Anderson, Arambula,
Bill Berryhill, Tom Berryhill, Blakeslee, Blumenfield, Bradford,
Brownley, Buchanan, Caballero, Chesbro, Conway, Cook, Coto, Davis, De
La Torre, De Leon, DeVore, Emmerson, Eng, Evans, Feuer, Fletcher,
Fong, Fuentes, Furutani, Gaines, Galgiani, Garrick, Gilmore, Hagman,
Hayashi, Hernandez, Hill, Huber, Huffman, Jeffries, Jones, Knight,
Lieu, Logue, Bonnie Lowenthal, Ma, Mendoza, Miller, Monning, Nava,
Nestande, Niello, Portantino, Ruskin, Saldana, Silva, Skinner, Smyth,
Solorio, Audra Strickland, Swanson, Torres, Torrico, Tran, Villines,
and Yamada)
   (Coauthors: Senators Calderon, Cogdill, Corbett, DeSaulnier,
Kehoe, Leno, Liu, Pavley, Price, Strickland, Wolk, Wright, and Yee)

                        FEBRUARY 19, 2009

   An act to add and repeal Sections 17206.5 and 24357.11 of the
Revenue and Taxation Code, relating to taxation, to take effect
immediately, tax levy.



	LEGISLATIVE COUNSEL'S DIGEST


   AB 347, Bass. Income and corporation taxes: charitable
contributions: Haiti earthquake victims.
   The Personal Income Tax Law and the Corporation Tax Law, in
modified conformity to federal income tax laws, allow a charitable
contribution deduction in computing tax liability.
   This bill would, for a cash contribution made after January 11,
2010, and before March 1, 2010, for the relief of victims in areas
affected by the earthquake in Haiti on January 12, 2010, authorize
taxpayers to treat that contribution as if it were made on December
31, 2009, and not in 2010.
   This bill would take effect immediately as a tax levy.


THE PEOPLE OF THE STATE OF CALIFORNIA DO ENACT AS FOLLOWS:

  SECTION 1.  Section 17206.5 is added to the Revenue and Taxation
Code, to read:
   17206.5.  (a) For purposes of Section 170 of the Internal Revenue
Code, a taxpayer may treat any contribution described in subdivision
(b) made after January 11, 2010, and before March 1, 2010, as if the
contribution was made on December 31, 2009, and not in 2010.
   (b) A contribution is described in this subdivision if the
contribution is a cash contribution made for the relief of victims in
the areas affected by the earthquake in Haiti on January 12, 2010,
for which a charitable deduction is allowable.
   (c) In the case of a contribution described in subdivision (b), a
telephone bill showing the name of the donee organization, the date
of the contribution, and the amount of the contribution shall be
treated as meeting the recordkeeping requirements of this part and
Part 10.2 (commencing with Section 18401).
   (d) This section shall remain in effect only until December 1,
2011, and as of that date is repealed.
  SEC. 2.  Section 24357.11 is added to the Revenue and Taxation
Code, to read:
   24357.11.  (a) For purposes of Section 24357, a taxpayer may treat
any contribution described in subdivision (b) made after January 11,
2010, and before March 1, 2010, as if the contribution was made on
December 31, 2009, and not in 2010.
   (b) A contribution is described in this subdivision if the
contribution is a cash contribution made for the relief of victims in
areas affected by the earthquake in Haiti on January 12, 2010, for
which a charitable contribution deduction is allowable.
   (c) In the case of a contribution described in subdivision (b), a
telephone bill showing the name of the donee organization, the date
of the contribution, and the amount of the contribution shall be
treated as meeting the recordkeeping requirements of this part and
Part 10.2 (commencing with Section 18401).
   (d) This section shall remain in effect only until December 1,
2011, and as of that date is repealed.
  SEC. 3.  This act provides for a tax levy within the meaning of
Article IV of the Constitution and shall go into immediate effect.