§ 18857.3. — 18857.3. (Added by Stats. 2021, Ch. 61, Sec. 1.)

California § 18857.3.

• 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. 14.5.: ARTICLE 14.5. Mental Health Crisis Prevention Voluntary Tax Contribution Fund

Text

(a)
Except as otherwise provided in subdivision (b), this article shall remain in effect only until January 1 of the seventh taxable year following the first appearance of the Mental Health Crisis Prevention Voluntary Tax Contribution Fund on the personal income tax return, and is repealed as of December 1 of that year.
(b)
(1)
By September 1 of the second calendar year and each subsequent calendar year that the Mental Health Crisis Prevention Voluntary Tax Contribution Fund appears on the 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 contribution amount for the calendar year. 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)
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shall be inoperative with respect to taxable years beginning on or after January 1 of that calendar year, and shall be repealed on December 1 of that year.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

Added by Stats. 2021, Ch. 61, Sec. 1. (AB 1065) Effective January 1, 2022. Repealed on December 1 of year prescribed in subd. (a) or subd. (b). Note: Termination provisions affect Article 14.5, commencing with Section 18857.