CA AB2625

Authorizes individuals to designate on their tax return that any overpayment be deposited directly to their qualified tuition program account instead of receiving a tax refund.

Requires the designation to be a full dollar amount of $25 or more.

Mandates the Franchise Tax Board and Scholarshare Investment Board include information about this direct deposit program on their websites and marketing materials.

Defines "qualified tuition program" as either a Scholarshare qualified tuition program or a program under Section 529 of the Internal Revenue Code.

Sunsets December 31, 2019, with the chapter repealing on January 1, 2020.