Existing law allows individuals, until January 1, 2025, to designate on their personal income tax return that a specified amount in excess of their tax liability be contributed to the California Breast Cancer Research Voluntary Tax Contribution Fund, which is continuously appropriated to the Franchise Tax Board, the Controller, and the University of California for specified purposes. Existing law also allows individuals, until January 1, 2025, to designate on their tax returns that a specified amount in excess of their tax liability be contributed to the California Cancer Research Voluntary Tax Contribution Fund, which is continuously appropriated to the Franchise Tax Board, the Controller, and the University of California for specified purposes. Existing law requires that each of these funds equal or exceed a minimum contribution amount of $250,000 to continue appearing on the return.
This bill would extend the operation of each fund's provisions to January 1, 2032. By extending operation of continuously appropriated funds, this bill would make an appropriation.
Statutes affected: SB1172: 18796 RTC, 18864 RTC
02/14/24 - Introduced: 17001 RTC
03/18/24 - Amended Senate: 18796 RTC, 18796 RTC, 18864 RTC, 18864 RTC, 17001 RTC
06/28/24 - Enrolled: 18796 RTC, 18864 RTC
07/15/24 - Chaptered: 18796 RTC, 18864 RTC
SB 1172: 17001 RTC