SB 1476: Personal income taxes: voluntary contributions.

Existing law authorizes taxpayers to contribute amounts in excess of their personal income tax liability for the support of specified funds. Existing law also has administrative provisions applicable to voluntary contributions.

This bill would include, as generally applicable administrative provisions, that any new or extended voluntary contribution that takes effect on or after January 2, 2017, include the words voluntary tax contribution in the name of the fund, that the administering agency, as defined, include specified information about the fund on its Internet Web site, that the contributions made be continuously appropriated from the fund to the administering agency, and minimum contribution amount for the continuation of any voluntary tax contribution on the tax return form, and a generally applicable repeal date for a voluntary tax contribution.