BILL ANALYSIS ------------------------------------------------------------ |SENATE RULES COMMITTEE | SB 898| |Office of Senate Floor Analyses | | |1020 N Street, Suite 524 | | |(916) 651-1520 Fax: (916) | | |327-4478 | | ------------------------------------------------------------ UNFINISHED BUSINESS Bill No: SB 898 Author: Simitian (D) Amended: 9/6/07 Vote: 21 PRIOR VOTES NOT RELEVANT ASSEMBLY FLOOR : 60-8, 9/11/07 - See last page for vote SUBJECT : Income tax checkoffs SOURCE : Author DIGEST : Assembly Amendments delete the Senate version of the bill relating to solid waste. This bill now extends the sunset dates for two voluntary contribution funds contained on the personal income tax return. Specifically, this bill extends the sunset date for (1) the State Children's Trust Fund for the Prevention of Child Abuse from January 1, 2008, to January 1, 2013, and (2) the Rare and Endangered Species Preservation Program from January 1, 2008, to January 1, 2013. ANALYSIS : Existing law: 1. Allows taxpayers to designate on their personal income tax (PIT) returns a contribution to any of 14 voluntary contribution funds (VCFs). CONTINUED SB 898 Page 2 2. Provides for the automatic repeal, on January 1, 2008, of the statutes authorizing the Children's Trust Fund and the Preservation Program. 3. Provides that moneys transferred to the Children's Trust Fund shall be allocated to the Department of Social Services for innovative child abuse and neglect prevention and intervention programs. 4. Provides that moneys transferred to the Preservation Program shall be allocated to the Department of Fish and Game for various programs for endangered and rare animals and plant species. Comments Both the Children's Trust Fund and the Preservation Program have enjoyed significant success as VCFs. Each of these funds first appeared on the PIT return in 1983. The Franchise Tax Board reports that in 2006, the Children's Trust Fund received $562,286 in contributions, while the Preservation Program received $555,062. Assembly Appropriations Committee staff note that, without this bill, the statutes authorizing these funds will both sunset on January 1, 2008. FISCAL EFFECT : Appropriation: No Fiscal Com.: Yes Local: No Assembly Appropriations Committee staff estimate that the itemized deductions permitted under these two VCFs could lead to annual revenue losses of $60,000. ASSEMBLY FLOOR : AYES: Adams, Aghazarian, Arambula, Bass, Beall, Benoit, Berg, Blakeslee, Brownley, Caballero, Charles Calderon, Carter, Coto, Davis, De La Torre, De Leon, DeSaulnier, DeVore, Dymally, Eng, Evans, Feuer, Fuentes, Gaines, Galgiani, Garcia, Hancock, Hayashi, Hernandez, Horton, Houston, Huffman, Jones, Keene, Krekorian, Laird, Leno, Levine, Lieber, Lieu, Ma, Mendoza, Mullin, Nava, Parra, Plescia, Portantino, Price, Ruskin, Salas, Saldana, Smyth, Solorio, Soto, Spitzer, Swanson, Torrico, Tran, SB 898 Page 3 Wolk, Nunez NOES: Anderson, Duvall, Emmerson, Fuller, La Malfa, Niello, Silva, Villines NO VOTE RECORDED: Berryhill, Cook, Garrick, Huff, Jeffries, Karnette, Maze, Nakanishi, Sharon Runner, Strickland, Walters, Vacancy DLW:mw 9/18/07 Senate Floor Analyses SUPPORT/OPPOSITION: NONE RECEIVED **** END ****