BILL NUMBER: AB 247	CHAPTERED
	BILL TEXT

	CHAPTER  670
	FILED WITH SECRETARY OF STATE  OCTOBER 9, 2013
	APPROVED BY GOVERNOR  OCTOBER 9, 2013
	PASSED THE SENATE  SEPTEMBER 3, 2013
	PASSED THE ASSEMBLY  MAY 13, 2013
	AMENDED IN ASSEMBLY  APRIL 17, 2013
	AMENDED IN ASSEMBLY  MARCH 12, 2013

INTRODUCED BY   Assembly Member Wagner

                        FEBRUARY 6, 2013

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


	LEGISLATIVE COUNSEL'S DIGEST


   AB 247, 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
the minimum contribution is not received, or January 1, 2015, which
ever occurs first.
   This bill would extend the date of January 1, 2015, to taxable
years beginning before January 1, 2020.


THE PEOPLE OF THE STATE OF CALIFORNIA DO ENACT AS FOLLOWS:

  SECTION 1.  Section 18724 of the Revenue and Taxation Code is
amended to read:
   18724.  (a) Except as otherwise provided in subdivision (b), this
article shall remain in effect only for taxable years beginning
before January 1, 2020, and as of December 1, 2020, is repealed.
   (b) (1) By September 1, 2006, and by September 1 of each
subsequent calendar year that the California Fund for Senior Citizens
appears on a tax return, the Franchise Tax Board shall determine
whether the amount of contributions estimated to be received during
the calendar year will equal or exceed two hundred fifty thousand
dollars ($250,000). The Franchise Tax Board shall estimate the amount
of contributions to be received by using the actual amounts received
and an estimate of the contributions that will be received by the
end of that calendar year.
   (2) The Franchise Tax Board shall provide written notification to
the California Senior Legislature of the amount determined pursuant
to paragraph (1).
   (3) If the Franchise Tax Board determines the amount of
contributions estimated to be received during a calendar year will
not at least equal the minimum contribution amount for the calendar
year, this article shall become inoperative for taxable years
beginning on or after January 1 of that calendar year, and shall be
repealed on December 1 of that calendar year.
   (4) For purposes of this section, the minimum contribution amount
for a calendar year means two hundred fifty thousand dollars
($250,000).
   (c) Notwithstanding the repeal of this article, any contribution
amounts designated pursuant to this article prior to its repeal shall
continue to be transferred and disbursed in accordance with this
article as in effect immediately prior to that repeal.