Senate Bill 602 (Alpert), as enacted on August 21, 1997, made the following changes to California law:
SUBJECT: California Breast Cancer Research Fund/Allocate Funds To University of California/Extend Repeal Date
Section 18795 of the Revenue and Taxation Code is amended.
Under the Administration of Franchise and Income Tax Laws, this act provides that funds contributed to the Breast Cancer Research Fund will be allocated to the University of California for the support of the Breast Cancer Research Program rather than the Department of Health Services.
Section 18796 of the Revenue and Taxation Code is amended.
This act extends the operation of the California Breast Cancer Research Fund to January 1, 2003. This act requires the fund to receive a minimum contribution amount of $250,000, as adjusted for inflation beginning calendar year 1998, to remain on the tax return
Section 18872 is added to the Revenue and Taxation Code.
Under the AFITL, the Legislature finds and declares that taxpayers remain unaware of the voluntary contributions allowed on the state tax return and that it is important taxpayers be informed. Further, this act states the Legislature’s intent to encourage all persons preparing state income tax returns to inform their clients in writing, prior to the completion of any tax return, that they may make voluntary contributions on their tax return.
This act will take effect on January 1, 1998, and first applies to the 1997 individual tax returns filed in 1998.
This act does not require any reports by the department to the Legislature.