1997 Legislative Change Notices

The following are the Legislative Change Notices prepared by the Franchise Tax Board (FTB).

These notices explain the changes made to the California Income Tax Laws during 1997.

97-1 California Military Museum Fund and Drug Abuse Resistance Education Fund (D.A.R.E.)
Appropriation for Allocation
97-2 Fish and Game Preservation Fund/Reinstates and Extends Repeal Date
97-3 Exclusion/Discharge Of Indebtedness From California State University Forgivable Loan Program
97-4 Renter's Credit/Suspended Until January 1, 1998
97-5 Repeal FTB Tax Return Information Disclosure to Trade and Commerce Secretary
97-6 Disaster Loss Deduction/1996 Or 1997 Storms or Flooding
97-7 California Breast Cancer Research Fund/Allocate Funds to California State University
97-8 California Firefighters' Memorial Fund/Extend Repeal Date
97-9 Child Support/Voluntary Referral to The FTB/Tax Priority/Employment Development Department,
Department of Social Services & FTB Independent Contractor Study
97-10 Taxpayers' Bill Of Rights Conformity
97-11 Tax Collection Superior to Child Support Collection/Shift to General Fund Expenditure
97-12 Economic Development Areas/Trade and Commerce to Designate Targeted Tax Area
97-13 Enterprise Zone/1996 Legislation Clean-Up
97-14 Court-Ordered Debt Collection, Information Reporting, Operative Date, Financial
Corporation Offsets, Apportioning Reference Correction, Interest on Overpayment, Reference
Correction, Redundant Reference, SB 38 Clean-up, California Qualified Stock Options, Zone NOL
Carryover, Half Month Periods
97-15 Information Reporting/Discharges, Information Reporting/Bond Interest, Corporate Definition
to Include Banks, Remove Credit Elections, Operative Date, Financial Corporation Offset, Apportioning Reference Correction, Interest on Overpayment, Reference Correction, Redundant Reference, Legislative
Intent
97-16 Depreciation Deduction/Accelerated Cost Recovery System/Pierce's Disease
97-17 Conformity/Check The Box Regulations/Corporation & Limited Liability Company
97-18 Economic Development Area/Manufacturing Enhancement Area Employer's Hiring Credit/Wages
Paid to Qualified Disadvantaged Individual in Area
97-19 Federal Conformity-S Corporation and Exclusion of Gain from Sale of Principal Residence
97-20 Conformity Act of 1997
97-21 1997 Tax Relief Act
97-22 Research Expenses Credit/Conformity to 1997 Federal Small Business Job Protection Act
97-23 Child Support/Over 90 Days Delinquent Refer To FTB/Voluntary Referral/Tax Priority/SSA Searches
97-24 State Children's Trust Fund/Reinstate and Extend Repeal Date
97-25 Child Support Enforcement/FTB, Department of Social Services & Financial
Institutions Operate Financial Institution Match System
97-26 Exclusion/Golden State Scholarshare Trust Income