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CA AB2689
Bill
Status
Passed
7/15/2024
Primary Sponsor
Jasmeet Bains
Click for details
AI Summary
- Extends the voluntary tax contribution option for the California Alzheimer's Disease and Related Dementia Research Fund from January 1, 2025 to January 1, 2032
- Requires the Franchise Tax Board to determine by September 1 each year whether projected contributions will meet the minimum annual threshold of $250,000
- Terminates the fund's operation if the minimum contribution amount of $250,000 is not projected to be met in any given calendar year
- The Franchise Tax Board must notify the State Department of Public Health if the fund is projected to fall below the minimum contribution amount
- Makes an appropriation by extending operation of the continuously appropriated fund
Legislative Description
Personal income taxes: California Alzheimer’s Disease and Related Dementia Research Voluntary Tax Contribution Fund.
Last Action
Chaptered by Secretary of State - Chapter 112, Statutes of 2024.
7/15/2024
Committee Referrals
Appropriations6/12/2024
Revenue and Taxation5/1/2024
Rules4/18/2024
Appropriations4/2/2024
Revenue and Taxation3/4/2024
Full Bill Text
No bill text available