17053.20.
(a) For taxable years beginning on or after January 1, 2023, there shall be allowed a credit against the “net tax,” as defined by Section 17039, in the amount of five hundred dollars ($500) if all of the following conditions are met:(1) The taxpayer made at least four donations of human whole blood or human blood components, as defined in Section 1600.35 of the Health and Safety Code, during the taxable year in which the credit is claimed.
(2) Each donation was made to an entity that is licensed under Chapter 4 (commencing with section 1600) of Division 2 of the Health and Safety Code during the taxable year in which the donation was made.
(3) Each donation was made to an entity that qualified as an exempt organization under Section 501(c)(3) of the Internal Revenue Code during the taxable year in which the donation was made.
(b) For the purpose of complying with Section 41, the Legislature finds and declares all of the following:
(1) California and the nation face a shortage of whole blood and blood components used for vital medical procedures. Doctors are forced to choose which patients will receive care from available stock and which patients will have to wait until donation levels increase, thus posing a concerning risk to overall care.
(2) In the event of a disaster or large scale emergency, a shortage of available blood may result in otherwise preventable loss of life.
(3) The objective of the credit allowed by this section is to provide an incentive for individuals to make lifesaving donations of whole blood and blood components.
(4) The performance indicators used to determine if the credit is achieving the stated objective shall be the number of taxpayers claiming the credit and the total value of credits allowed.
(5) (A) Notwithstanding Section 19542, the Franchise Tax Board shall submit to the Legislature, no later than June 1, 2028, a report on the number of taxpayers claiming a credit under this section and the aggregated dollar amounts of credits allowed. Any individually identifiable information collected pursuant to this subdivision that is used in the report shall be compiled in an aggregate or anonymized manner to preserve confidentiality.
(B) The report to be submitted pursuant to subparagraph (A) shall be submitted in compliance with Section 9795 of the Government Code.