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CA AB2197
Bill
Status
Passed
7/18/2024
Primary Sponsor
Dawn Addis
Click for details
AI Summary
- Extends the "Protect Our Coast and Oceans Voluntary Tax Contribution Fund" from January 1, 2025 to January 1, 2032, allowing taxpayers to voluntarily contribute to coastal and ocean protection programs
- Requires the Franchise Tax Board to determine by September 1 each year whether estimated contributions will meet the minimum threshold of $250,000 for that calendar year
- Fund becomes inoperative for taxable years beginning January 1 of any year when contributions are estimated to fall below $250,000, with full repeal on December 1 of that year
- Continues allocation of contributions to the Franchise Tax Board, Controller, and California Coastal Commission to support the Whale Tail Grants Program with eligible programs selected by the California Coastal Commission
- Makes an appropriation by extending the operation of the continuously appropriated fund
Legislative Description
Personal income taxes: Protect Our Coast and Oceans Voluntary Tax Contribution Fund.
Last Action
Chaptered by Secretary of State - Chapter 150, Statutes of 2024.
7/18/2024
Committee Referrals
Appropriations6/12/2024
Revenue and Taxation5/1/2024
Rules4/4/2024
Appropriations3/13/2024
Revenue and Taxation2/26/2024
Full Bill Text
No bill text available