Plain English Breakdown
The provided official status indicates enactment but does not list a specific effective date; this is noted as an unknown.
Creating a Voluntary Tax Fund for Parkinson's Disease Research
This law creates a new fund that lets California taxpayers voluntarily add extra money to their tax returns to support the Richard Paul Hemann Parkinson’s Disease Program.
What This Bill Does
- Creates the Parkinson's Disease Research Voluntary Tax Contribution Fund.
- Allows individuals to designate an amount over their personal income tax liability for this specific fund on their tax return.
- Continuously appropriates money in the fund to the State Department of Public Health to support the Richard Paul Hemann Parkinson’s Disease Program.
- Requires the Franchise Tax Board to update tax forms with a space for this donation when another voluntary option is removed or when there is available space.
Who It Names or Affects
- Individual taxpayers in California who file personal income taxes and wish to make an extra contribution.
- The State Department of Public Health, which receives the funds to support data collection on Parkinson's disease incidence.
- The Franchise Tax Board, which must update tax return forms.
Terms To Know
- Voluntary Tax Contribution
- An optional amount a taxpayer chooses to add on top of what they owe in taxes for a specific cause.
- Continuously Appropriated Fund
- A fund where money is automatically available for use without needing new approval from the Legislature each year.
Limits and Unknowns
- The law does not set a specific dollar limit on how much an individual can contribute.
- Updates to tax forms will only happen when space becomes available or another voluntary option is removed, whichever occurs first.
- The official effective date for this law has not been listed in the provided text.