Loading chat...
CA AB1659
Bill
Status
5/17/2012
Primary Sponsor
Curren Price
Click for details
AI Summary
-
Delays the Franchise Tax Board's deadline for determining the minimum contribution amount for the Arts Council Fund from September 1 of the 2nd calendar year to September 1 of the 3rd calendar year after the fund first appears on tax returns.
-
Changes the minimum contribution threshold amount to $250,000 for the 3rd calendar year (previously 2nd calendar year) and adjusts the timing of subsequent annual adjustments accordingly.
-
Voids any determination made by the Franchise Tax Board regarding contributions estimated for the 2012 calendar year prior to this bill's enactment.
-
Specifies that if contributions fall below the minimum amount, the Arts Council Fund provisions become inoperative and are repealed on December 1 of that year rather than immediately.
-
Declares the bill an urgency statute taking effect immediately to ensure continued taxpayer contributions to the Arts Council Fund.
Legislative Description
Voluntary contributions: Arts Council Fund.
Last Action
From inactive file. Re-referred to Com. on RLS. (Ayes 24. Noes 11. Page 5121.) Senate Rule 29.3(b) suspended. (Ayes 24. Noes 11. Page 5121.) From committee chair, with author's amendments: Amend, and re-refer to committee. Read second time, amended, and re-referred to Com. on RLS. Withdrawn from committee. Ordered to third reading. (Ayes 24. Noes 11. Page 5122.)
9/1/2012