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CA AB2400

Bill

Status

Passed

9/7/2018

Primary Sponsor

Ash Kalra

Click for details

Origin

State Assembly

2017-2018 Session

AI Summary

  • 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

  • Allows individual taxpayers to designate contributions in excess of their tax liability to the fund, with contributions deductible under personal income tax law

  • 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

  • Requires continuous appropriation of fund money to the Franchise Tax Board, Controller, and State Department of Public Health for administrative costs and program expenses

  • 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

Committee Referrals

Appropriations6/13/2018
Governance and Finance4/25/2018
Rules4/12/2018
Appropriations3/20/2018
Revenue and Taxation3/1/2018

Full Bill Text

No bill text available