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CA SB1476
Bill
AI Summary
- Establishes that new voluntary tax contributions must include "voluntary tax contribution" in the fund name, effective January 2, 2017 or later
- Requires administering agencies to post information on their websites about the award process, administrative spending, and itemized recipient information for contributed funds
- Sets a 7-year sunset provision for voluntary tax contributions, with repeal occurring December 1 of the seventh calendar year after first appearance on tax returns
- Requires a minimum of $250,000 in annual contributions for a fund to continue appearing on tax return forms, starting in the second calendar year after inception
- Makes all contributions continuously appropriated directly from the fund to the administering agency for spending as prescribed in the enacting legislation
Legislative Description
Personal income taxes: voluntary contributions.
Last Action
Chaptered by Secretary of State. Chapter 597, Statutes of 2016.
9/24/2016
Committee Referrals
Revenue and Taxation5/5/2016
Appropriations4/20/2016
Governance and Finance3/16/2016
Rules3/7/2016
Full Bill Text
No bill text available