BILL ANALYSIS                                                                                                                                                                                                    




                    Appropriations Committee Fiscal Summary
          
                                           137 (Correa)
          
          Hearing Date:  7/14/03          Amended: 3/5/03        
          Consultant:  Anne Maitland          Policy Vote: Rev&Tax:  
          4-0                      
          ____________________________________________________________ 
          ___
          BILL SUMMARY: 
          
          AB 137 extends the sunset date for the California Fund for  
          Senior Citizens check-off program on the income tax return

                              Fiscal Impact (in thousands)
           
          Major Provisions        2003-04           2004-05               2005-06   
           Fund  
          
          FTB                            minor administrative costs reimbursed  
          by 
                            donations
          
          STAFF COMMENTS:  
          
          Currently, there are 11 "check-off" programs on the  
          personal income tax return which allow taxpayers to donate  
          their own funds for various purposes.  One of these, the  
          California Fund for Senior Citizens, supports the Senior  
          Legislature and other programs for seniors.  This check-off  
          sunsets 1/1/05.  However, if donations drop below a  
          specified amount in a year, it would be removed from the  
          tax return in the following year even though the sunset  
          date had not yet been reached.

          AB 137 extends the sunset until 1/1/10 and retains the  
          language requiring that contributions reach an annual  
          minimum amount in order to stay on the return.  Currently,  
          that annual minimum is about $260,000.