CA SB1076

Authorizes individual California taxpayers to voluntarily designate contributions in excess of their tax liability to the Arts Council Fund on their personal income tax returns.

Establishes the Arts Council Fund in the State Treasury to receive designated contributions, with funds allocated to the Franchise Tax Board and Controller for reimbursement of administration costs and to the Arts Council for grants to arts programs.

Requires the Franchise Tax Board to adjust the minimum contribution threshold annually for inflation, starting at $250,000 for the second calendar year the fund appears on tax returns.

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 estimated annual contributions fall below the minimum threshold ($250,000 or adjusted amount).

Allows taxpayers to claim a deduction for contributions made under this article, and ensures contributions designated before repeal continue to be transferred and disbursed according to the law's terms.