Bill Text: CA SB309 | 2019-2020 | Regular Session | Introduced
Bill Title: Personal income tax: California Senior Citizen Advocacy Voluntary Tax Contribution Fund.
Spectrum: Partisan Bill (Democrat 4-0)
Status: (Passed) 2019-09-20 - Chaptered by Secretary of State. Chapter 325, Statutes of 2019. [SB309 Detail]
Download: California-2019-SB309-Introduced.html
Senate Bill | No. 309 |
Introduced by Senator Rubio |
February 15, 2019 |
LEGISLATIVE COUNSEL'S DIGEST
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 18730 of the Revenue and Taxation Code is amended to read:18730.
(a) Any individual may designate on the tax return that a contribution in excess of the tax liability, if any, be made to the California Senior Citizen Advocacy Voluntary Tax Contribution Fund established by Section 18731 to be used to conduct the sessions of the California Senior Legislature and to support its ongoing activities on behalf of older persons.SEC. 2.
Section 18733 of the Revenue and Taxation Code is repealed.(a)Except as otherwise provided in subdivision (b), this article shall remain in effect only until January 1, 2025, following the first appearance of the California Senior Citizen Advocacy Voluntary Tax Contribution Fund on the personal income tax return, and is repealed as of December 1 of that year.
(b)(1)By September 1 of the second calendar
year and each subsequent calendar year that the California Senior Citizen Advocacy 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. 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 contributions estimated to be received during a calendar year will not at least equal the minimum contribution amount for the calendar year, this article shall be inoperative with respect to taxable years beginning on or after January 1 of that calendar year, and shall be repealed on December 1 of that year.
(3)For purposes of this section, the “minimum contribution amount” for a calendar year means two hundred fifty thousand dollars ($250,000).