Current through the 2016 Legislative Session
(a) Any individual may designate on the tax return that a contribution in excess of the tax liability, if any, be made to the ALS/Lou Gehrig's Disease Research Fund, which is established by Section 18883.
(b) The contributions shall be in full dollar amounts and may be made individually by each signatory on a joint return.
(c) A designation under subdivision (a) shall be made for any taxable year on the initial return for that taxable year, and once made shall be irrevocable. In the event that payment and credits reported on the return, together with any other credits associated with the individual's account, do not exceed the individual's liability, the return shall be treated as though no designation has been made.
(d) When another voluntary contribution designation is removed from the tax return, or as soon as space is available on the tax return, the Franchise Tax Board shall revise the forms of the return to include a space labeled the "ALS/Lou Gehrig's Disease Research Fund" to allow for the designation permitted under subdivision (a). The forms shall also include in the instructions, information that the contribution may be in the amount of one dollar ($1) or more and that the contribution shall be used to conduct research relating to the cure, screening, and treatment of ALS.
(e) It is the intent of the Legislature that the ALS/Lou Gehrig's Disease Research Fund be placed on the tax return as soon as space is available.
(f) A deduction shall be allowed under Article 6 (commencing with Section 17201) of Chapter 3 of Part 10 for any contribution made pursuant to subdivision (a).
Ca. Rev. and Tax. Code § 18882
Added by Stats 2011 ch 711 (SB 583),s 2, eff. 1/1/2012.