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CA AB2400
Bill
AI Summary
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Renames the fund to the California Alzheimer's Disease and Related Dementia Research Voluntary Tax Contribution Fund and extends its operation until January 1, 2025
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Allows individual taxpayers to designate contributions in excess of their tax liability to the fund, with contributions deductible under personal income tax law
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Allocates fund contributions to the State Department of Public Health (instead of multiple agencies) to support eligible programs awarded grants under the State Department of Public Health's Alzheimer's Disease Program
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Requires continuous appropriation of fund money to the Franchise Tax Board, Controller, and State Department of Public Health for administrative costs and program expenses
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Maintains the $250,000 minimum annual contribution threshold required for the fund to continue appearing on tax returns
Legislative Description
Personal income taxes: voluntary contribution fund: Alzheimer’s disease research.
Last Action
Chaptered by Secretary of State - Chapter 299, Statutes of 2018.
9/7/2018