BILL NUMBER: SB 1064	CHAPTERED  10/10/99

	CHAPTER   989
	FILED WITH SECRETARY OF STATE   OCTOBER 10, 1999
	APPROVED BY GOVERNOR   OCTOBER 10, 1999
	PASSED THE SENATE   SEPTEMBER 10, 1999
	PASSED THE ASSEMBLY   SEPTEMBER 9, 1999
	AMENDED IN ASSEMBLY   SEPTEMBER 7, 1999
	AMENDED IN ASSEMBLY   JUNE 29, 1999
	AMENDED IN SENATE   APRIL 5, 1999

INTRODUCED BY   Senator Perata

                        FEBRUARY 26, 1999

   An act to amend Section 18824 of the Revenue and Taxation Code,
relating to taxation.


	LEGISLATIVE COUNSEL'S DIGEST


   SB 1064, Perata.  Taxation:  contributions:  California Mexican
American Veterans Memorial Beautification and Enhancement Account.
   Under the existing 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 California Mexican American Veterans' Memorial
Beautification and Enhancement Account. Existing law provides for the
repeal of the contribution provisions for this account on January 1
of any calendar year that the Franchise Tax Board estimates the
minimum contribution amount will be less than a prescribed amount.
   This bill would modify this provision so that it would be repealed
on January 1 of any calendar year beginning on or after January 1,
2001, that the Franchise Tax Board estimates the minimum contribution
amount will be less than the prescribed amount.


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


  SECTION 1.  Section 18824 of the Revenue and Taxation Code is
amended to read:
   18824.  (a) This article shall remain in effect only until, and
shall be repealed on, January 1 of the fifth taxable year following
the notification required under subdivision (a) of Section 18821,
unless a later enacted statute, which is enacted before that date,
deletes that date.
   (b) Notwithstanding subdivision (a), if, in any calendar year,
beginning in the year 2001, the Franchise Tax Board estimates by
September 1 that contributions described in this article made on
returns filed in that calendar year will be less than two hundred
fifty thousand dollars ($250,000), then this section is repealed with
respect to taxable years beginning on and after January 1 of that
calendar year.  The Franchise Tax Board shall estimate the annual
contribution amount by September 1 of each year using the actual
amounts known to be contributed and an estimate of the remaining year'
s contributions.