Fletcher
Author
Under existing law regulating the administration of the Personal Income Tax Law, individual taxpayers are allowed to contribute amounts in excess of their tax liability for the support of specified funds or accounts, including, among others, the Veterans' Quality of Life Fund. Existing law requires the expenditure of all moneys contributed to the fund, upon appropriation by the Legislature, for administrative costs and for distribution into the Morale, Welfare, and Recreation Fund for each of the veterans homes, as provided. This bill would repeal those provisions, and instead allow individuals to designate on their tax returns that a specified amount in excess of their tax liability be transferred to the California Veterans Homes Fund, which would be created by this bill. However, the bill would provide that a voluntary contribution designation for this fund may not be added on the tax return until another voluntary contribution designation is removed from that return. This bill would, like the expenditure of all moneys contributed to the Veterans' Quality of Life Fund, require the expenditure of all moneys contributed to the California Veterans Homes Fund, upon appropriation by the Legislature, for administrative costs and for distribution into the Morale, Welfare, and Recreation Fund for each of the veterans homes, as provided. This bill would require any funds remaining in the Veterans' Quality of Life Fund to be transferred to the California Veterans Homes Fund. This bill would provide that these voluntary contribution provisions be repealed on January 1 of the 5th taxable year following the taxable year the fund first appears on the personal income tax return. This bill would further provide that these provisions would be repealed for taxable years beginning on or after January 1 of the calendar year in which the Franchise Tax Board estimates by September 1 that the contributions made on returns filed in that calendar year will be less than $250,000, or an adjusted amount for subsequent taxable years.
Chaptered by Secretary of State - Chapter 355, Statutes of 2010.
Approved by the Governor.
Enrolled and to the Governor at 12 p.m.
Senate amendments concurred in. To enrollment. (Ayes 77. Noes 0. Page 6468.)
In Assembly. Concurrence in Senate amendments pending. May be considered on or after August 21 pursuant to Assembly Rule 77.
Read third time, passed, and to Assembly. (Ayes 32. Noes 1. Page 4673.)
Read second time. To third reading.
From committee: Be placed on second reading file pursuant to Senate Rule 28.8.
From committee: Do pass, and re-refer to Com. on APPR. Re-referred. (Ayes 3. Noes 0.) (June 23).
In committee: Set, first hearing. Hearing canceled at the request of author.
From committee: Do pass, and re-refer to Com. on REV. & TAX. Re-referred. (Ayes 4. Noes 0.) (April 13).
From committee chair, with author's amendments: Amend, and re-refer to committee. Read second time, amended, and re-referred to Com. on V.A.
In Senate. Read first time. To Com. on RLS. for assignment.
Read third time, passed, and to Senate. (Ayes 71. Noes 0. Page 3898.)
Read second time. To third reading.
Read second time and amended. Ordered returned to second reading.
From committee: Amend, and do pass as amended. (Ayes 17. Noes 0.) (January 21).
From committee: Do pass, and re-refer to Com. on APPR. with recommendation: To Consent Calendar. Re-referred. (Ayes 8. Noes 0.) (January 12).
Joint Rule 62(a), file notice suspended. (Page 3746.)
From committee chair, with author's amendments: Amend, and re-refer to Com. on V.A. Read second time and amended.
From committee: Do pass, and re-refer to Com. on V.A. Re-referred. (Ayes 5. Noes 0.) (January 11).
Assembly Rule 56 suspended.
From committee chair, with author's amendments: Amend, and re-refer to Com. on V.A. Read second time and amended.
Re-referred to Com. on REV. & TAX. by unanimous consent, and then be re-referred to Com. on V.A.
Re-referred to Com. on V.A. by unanimous consent, and then be re-referred to Com. on REV. & TAX.
Read first time.
From printer. May be heard in committee March 30.
Introduced. To print.
| Bill Text Versions | Format |
|---|---|
| AB1088 | HTML |
| 02/27/09 - Introduced | |
| 01/04/10 - Amended Assembly | |
| 01/11/10 - Amended Assembly | |
| 01/25/10 - Amended Assembly | |
| 03/01/10 - Amended Senate | |
| 08/30/10 - Enrolled | |
| 09/27/10 - Chaptered |
| Document | Format |
|---|---|
| No related documents. |
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