Bill > AB1286

This bill extends the California Breast Cancer Research Fund's ability to appear on tax returns until January 1, 2018, by amending Section 18796 of the Revenue and Taxation Code. The Franchise Tax Board, or FTB, is responsible for determining a minimum contribution amount each year that a fund must receive to continue being listed on tax returns. If the estimated contributions for a year fall below this minimum, the fund will be removed from tax returns starting the following year. The bill also outlines how this minimum contribution amount is adjusted for inflation annually, with a specific provision for calendar years 2014 and 2015 to maintain the 2013 contribution level before resuming inflation adjustments in 2016. Importantly, any contributions already designated to the fund before its potential repeal will still be processed as intended.