Curren D Price
- Democratic
Author
The Personal Income Tax Law authorizes taxpayers to contribute amounts in excess of their tax liability for the support of specified funds. This bill would authorize taxpayers to designate on their tax returns that a specified amount in excess of their tax liability be transferred to the Arts Council Fund, which is created by this bill. This bill would require that all moneys contributed to the fund pursuant to these provisions, upon appropriation by the Legislature, be allocated to the Franchise Tax Board and the Controller for reimbursement and to the Arts Council for grants, as prescribed. This bill would provide that these voluntary contribution provisions are repealed on January 1 of the 5th taxable year following the taxable year the fund first appears on the tax return. The bill would further provide that these provisions are repealed for taxable years beginning on or after January 1 of the calendar year in which the Franchise Tax Board estimates by September 1 that the contributions made on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 319, Statutes of 2010.
Approved by Governor.
Enrolled. To Governor at 11:45 a.m.
Senate concurs in Assembly amendments. (Ayes 24. Noes 8. Page 4882.) To enrollment.
In Senate. To unfinished business.
Read third time. Passed. (Ayes 68. Noes 5. Page 6296.) To Senate.
Read second time. To third reading.
(Heard in committee on August 4.)
From committee: Do pass. (Ayes 16. Noes 0.)
Joint Rule 62(a) file notice suspended. (Page 5989.)
Read second time. Amended. Re-referred to Com. on APPR.
(Heard in committee on June 28.)
From committee: Do pass as amended, but first amend, and re-refer to Com. on APPR. (Ayes 8. Noes 1.)
To Com. on REV. & TAX.
Read third time. Passed. (Ayes 22. Noes 7. Page 3625.) To Assembly.
In Assembly. Read first time. Held at Desk.
Read second time. To third reading.
From committee: Be placed on second reading file pursuant to Senate Rule 28.8.
Set for hearing May 3.
From committee: Do pass, but first be re-referred to Com. on APPR. (Ayes 3. Noes 1. Page 3185.) Re-referred to Com. on APPR.
Set for hearing April 14.
Hearing postponed by committee.
From committee with author's amendments. Read second time. Amended. Re-referred to Com. on REV. & TAX.
Set for hearing March 24.
To Com. on REV. & TAX.
From print. May be acted upon on or after March 20.
Introduced. Read first time. To Com. on RLS. for assignment. To print.
| Bill Text Versions | Format |
|---|---|
| SB1076 | HTML |
| 02/17/10 - Introduced | |
| 03/22/10 - Amended Senate | |
| 08/02/10 - Amended Assembly | |
| 08/30/10 - Enrolled | |
| 09/27/10 - Chaptered |
| Document | Format |
|---|---|
| No related documents. |
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