Plain English Breakdown
Checked against official source text during the last sync.
Creating a Voluntary Tax Fund for Wildfire and Vegetation Management
This law creates a new fund that lets people choose to give extra money on their tax returns to help manage wildfires and vegetation.
What This Bill Does
- Creates the continuously appropriated Wildfire and Vegetation Management Voluntary Tax Contribution Fund.
- Allows individuals to designate an amount over their required personal income tax bill to be transferred to this new fund.
- Requires the Franchise Tax Board to add a space for this donation on tax forms when another voluntary option is removed or if there is already room, whichever happens first.
Who It Names or Affects
- Individual taxpayers who file personal income taxes
- The Franchise Tax Board
Terms To Know
- Continuously appropriated fund
- A government account where money stays available for use without needing new approval each year.
Limits and Unknowns
- The text does not specify how much money people can give or if there is a limit.
- The bill does not list the specific projects that will receive this funding.