California Legislature—2013–14 Regular Session

Assembly BillNo. 247

Introduced by Assembly Member Wagner

February 6, 2013

An act to amend Section 18724 of the Revenue and Taxation Code, relating to taxation.


AB 247, as introduced, Wagner. Personal income taxes: voluntary contribution: California Fund for Senior Citizens.

Under the Personal Income Tax Law, taxpayers are allowed to contribute amounts in excess of their tax liability for the support of the California Fund for Senior Citizens until the year in which a specified minimum contribution is not received, or January 1, 2015, which ever occurs first.

This bill would extend the date of January 1, 2015, to January 1, 2020.

Vote: majority. Appropriation: no. Fiscal committee: yes. State-mandated local program: no.

The people of the State of California do enact as follows:

P1    1


Section 18724 of the Revenue and Taxation Code
2 is amended to read:

begin delete


(a) This article shall remain in effect only until January
41, 2015, and as of that date is repealed, unless a later enacted
5statute, which is enacted before January 1, 2015, deletes that date.

end delete
6begin insert

begin insert18724.end insert  

end insert
begin insert

(a) Except as otherwise provided in subdivision (b),
7this article shall remain in effect only for taxable years beginning
8before January 1, 2020, and as of December 1, 2020, is repealed.

end insert

P2    1(b) (1) By September 1, 2006, and by September 1 of each
2subsequent calendar year that the California Fund for Senior
3Citizens appears on a tax return, the Franchise Tax Board shall
4determine whether the amount of contributions estimated to be
5received during the calendar year will equal or exceed two hundred
6fifty thousand dollars ($250,000). The Franchise Tax Board shall
7estimate the amount of contributions to be received by using the
8actual amounts received and an estimate of the contributions that
9will be received by the end of that calendar year.

10(2) The Franchise Tax Board shall provide written notification
11to the California Senior Legislature of the amount determined
12pursuant to paragraph (1).

13(3) If the Franchise Tax Board determines the amount of
14contributions estimated to be received during a calendar year will
15not at least equal the minimum contribution amount for the calendar
16year, this articlebegin delete is repealedend deletebegin insert shall become inoperativeend insert for taxable
17years beginning on or after January 1 of that calendar yearbegin insert, and end insert
18begin insertshall be repealed on December 1 of that calendar yearend insert.

19(4) For purposes of this section, the minimum contribution
20amount for a calendar year means two hundred fifty thousand
21dollars ($250,000).

22(c) Notwithstanding the repeal of this article, any contribution
23amounts designated pursuant to this article prior to its repeal shall
24continue to be transferred and disbursed in accordance with this
25article as in effect immediately prior to that repeal.