§ 18766. — 18766. (Amended by Stats. 2024, Ch. 112, Sec. 1.)

California § 18766.

• Jurisdiction: California
• Code RTC: Revenue and Taxation Code - RTC
• Div. 2.: DIVISION 2. OTHER TAXES
• Part 10.2.: PART 10.2. ADMINISTRATION OF FRANCHISE AND INCOME TAX LAWS
• Ch. 3.: CHAPTER 3. Voluntary Contributions
• Art. 6.: ARTICLE 6. California Alzheimer’s Disease and Related Dementia Research Voluntary Tax Contribution Fund

Text

(a)
Except as otherwise provided in subdivision (b), this article shall remain in effect only for taxable years beginning before January 1, 2032, and as of December 1 of that year is repealed.
(b)
(1)
By September 1, 2019, and by September 1 of each subsequent calendar year that the California Alzheimer’s Disease and Related Dementia Research Voluntary Tax Contribution Fund 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 the minimum contributions amount for the calendar year pursuant to paragraph (3). 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. If the Franchise Tax Board determines that the fund is projected to fall below the minimum contribution amount, the Franchise Tax Board shall provide written notification to the State Department of Public Health.
(2)
If the Franchise Tax Board determines that 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 be inoperative with respect to taxable years beginning on or
after January 1 of that calendar year and shall be repealed on December 1 of that year.
(3)
For purposes of this section, the minimum contribution amount for a calendar year means two hundred fifty thousand dollars ($250,000).

Legislative History

Amended by Stats. 2024, Ch. 112, Sec. 1. (AB 2689) Effective January 1, 2025. Repealed on or before December 1, 2032, by its own provisions. Note: Termination provisions affect Article 6, commencing with Section 18761.