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CA SB1172

Bill

Official Source

Status

Passed

7/15/2024

Primary Sponsor

Shannon Grove

Click for details

Origin

Senate

2023-2024 Session

AI Summary

  • Extends the California Breast Cancer Research Voluntary Tax Contribution Fund from its January 1, 2025 expiration to January 1, 2032
  • Extends the California Cancer Research Voluntary Tax Contribution Fund from its January 1, 2025 expiration to January 1, 2032
  • Maintains the $250,000 minimum annual contribution requirement for each fund to continue appearing on tax returns
  • Requires the Franchise Tax Board to determine by September 1 of each year whether estimated contributions will meet the minimum threshold
  • Allows contributions designated before repeal to continue being transferred and disbursed according to existing law

Legislative Description

Personal income tax: voluntary contributions: California Breast Cancer Research Voluntary Tax Contribution Fund and California Cancer Research Voluntary Tax Contribution Fund.

Last Action

Chaptered by Secretary of State. Chapter 130, Statutes of 2024.

7/15/2024

Committee Referrals

Appropriations6/11/2024
Revenue and Taxation5/6/2024
Appropriations4/10/2024
Revenue and Taxation4/3/2024
Rules2/14/2024

Full Bill Text

No bill text available