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SB-473 Personal Income Tax: voluntary contribution funds.(2019-2020)



Current Version: 02/21/19 - Introduced

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SB473:v99#DOCUMENT


CALIFORNIA LEGISLATURE— 2019–2020 REGULAR SESSION

Senate Bill
No. 473

Introduced by Senator Moorlach

February 21, 2019

An act relating to taxation.


LEGISLATIVE COUNSEL'S DIGEST


SB 473, as introduced, Moorlach. Personal Income Tax: voluntary contribution funds.
Existing law authorizes taxpayers to designate amounts in excess of their personal income tax liability for the support of specified voluntary contribution funds. Existing law also contains administrative provisions generally applicable to a new or extended voluntary contribution.
This bill would declare the intent of the Legislature to enact legislation that would reform the personal income tax voluntary contribution funds.
Vote: MAJORITY   Appropriation: NO   Fiscal Committee: NO   Local Program: NO  

The people of the State of California do enact as follows:


SECTION 1.

 It is the intent of the Legislature to enact legislation that would reform the personal income tax voluntary contribution funds.