CA AB1983

Allows individual taxpayers to voluntarily designate on their personal income tax returns that amounts in excess of their tax liability be transferred to the newly created Safely Surrendered Baby Fund.

Designates contributions in full dollar amounts (minimum $1) with fund revenues allocated to reimburse the Franchise Tax Board and Controller for administrative costs and to the State Department of Social Services for public awareness programs regarding the Safely Surrendered Baby Law.

Requires the Franchise Tax Board to adjust the minimum annual contribution threshold ($250,000 initially) for inflation beginning in the third calendar year and to evaluate whether contributions meet the minimum amount by September 1 each year.

Automatically repeals the voluntary contribution provisions on January 1 of the fifth taxable year after the fund first appears on tax returns, or earlier if annual contributions fall below the minimum threshold amount adjusted for inflation.

Allows taxpayers to make contributions irrevocable once designated on the original return, with contributions allocated pro rata if a taxpayer designates multiple funds and insufficient funds remain available.