BILL ANALYSIS
AB 1799
Page 1
CONCURRENCE IN SENATE AMENDMENTS
AB 1799 (Mullin)
As Amended June 21, 2004
Majority vote
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|ASSEMBLY: |70-0 |(April 29, |SENATE: |31-1 |(August 9, |
| | |2004) | | |2004) |
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Original Committee Reference: REV. & TAX.
SUMMARY : Extends the sunset date on the California Alzheimer's
Disease and Related Disorders Research Fund (Fund) income tax
checkoff from January 1, 2005 to January 1, 2010, provided the
fund receives at least a specified, minimum level of
contributions annually. This minimum amount equaled $250,000 in
2000 and had been indexed annually for inflation since that
time.
The Senate amendments make technical corrections and added
co-authors.
EXISTING LAW allows taxpayers to contribute money to one or more
of 11 voluntary contribution funds by checking a box on their
state income tax return. California law requires contributions
made through checkoffs to be made from taxpayers' own resources
(not from their tax liability, as is possible on federal tax
returns). Checkoff amounts may be claimed as charitable
contributions on taxpayers' tax returns during the subsequent
year.
AS PASSED BY THE ASSEMBLY , this bill was essentially identical.
FISCAL EFFECT : The California Franchise Tax Board estimates
that extending the sunset date of this checkoff will result in
annual revenue losses of approximately $32,000 per year
beginning in fiscal year (FY) 2005-06.
COMMENTS : This bill is sponsored by the author and is intended
to allow the Fund to remain on the income tax form beyond the
2004 tax year. This income tax checkoff fund provides money for
research grants related to the care, treatment, and the cure of
Alzheimer's disease. Money contributed using the checkoff is
distributed by the Secretary of the Health and Welfare Agency,
AB 1799
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in consultation with the Department of Aging.
The Fund checkoff first appeared on the income tax form in 1987.
Since that time, its sunset date has been extended twice. The
Alzheimer's checkoff is typically one of the more popular
checkoffs on California's tax form. In 2002-03, the last FY for
which contribution information is available, the Alzheimer's
checkoff received approximately $544,000 in contributions,
fourth highest among the 11 checkoffs on the return.
Analysis Prepared by : Eileen Roush / REV. & TAX. / (916)
319-2098
FN: 0006595