Amended
IN
Assembly
June 28, 2017 |
Amended
IN
Assembly
June 12, 2017 |
Senate Bill | No. 61 |
Introduced by Senator Hertzberg (Principal coauthor: Senator Wiener) (Coauthors: Senators Anderson, Bates, Newman, Nguyen, and Nielsen) (Coauthors: Assembly Members Acosta, Chávez, Dababneh, Gallagher, Gipson, Gloria, Lackey, Maienschein, Mathis, Mayes, Salas, and Voepel) |
December 21, 2016 |
(a)
(b)(1)
(2)
It is the intent of the Legislature that this article create an additional funding source for the Emergency Food Assistance Program and shall be used to supplement, not supplant, other funding sources for this program.
(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 State Department of Social Services of the amount determined in subparagraph (A).
(c)For each calendar year, beginning with calendar year 2000, the Franchise Tax Board shall adjust, on or before September 1 of that calendar year, the 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.
(d)