CA AB2017

Allows individual taxpayers to voluntarily designate contributions in excess of their tax liability to the California Youth Leadership Fund on their tax returns.

Fund allocation based on donation levels: under $250,000 all remaining funds split equally between California YMCA Youth and Government Program and Joint Committee on Rules; $250,000-$300,000 provides $10,000 annual grants to three nonprofit youth organizations plus equal split of remainder; over $300,000 provides $20,000 annual grants to same three organizations plus equal split of remainder.

Requires Franchise Tax Board to add California Youth Leadership Fund designation to tax return form only when another voluntary contribution designation is removed.

Fund remains operative for five taxable years following first appearance on tax return, but terminates immediately if annual contributions fall below minimum threshold of $250,000 (adjusted annually for inflation).

Franchise Tax Board and Controller may receive portion of contributions to cover collection and administration costs; contributions are tax-deductible.