Section 18891 - [Effective until 1/1/2025] Contribution to Keep Arts in Schools Voluntary Tax Contribution Fund(a) An individual may designate on the tax return that a contribution in excess of tax liability, if any, be made to the Keep Arts in Schools Voluntary Tax Contribution Fund established by Section 18892. That designation is to be used as a voluntary contribution on the tax return.(b) A contribution shall be in a full dollar amount and may be made individually by each signatory on a joint return.(c) A designation made under subdivision (a) shall be made for any taxable year on the original return for that taxable year, and once made shall be irrevocable. If payments and credits reported on the return, together with any other credits associated with the individual's account do not exceed the individual's tax liability, if any, the return shall be treated as though a designation had not been made.(d) The Franchise Tax Board shall revise the form of the return to include a space labeled the "Keep Arts in Schools Voluntary Tax Contribution Fund" to allow for the designation permitted under subdivision (a). The form 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 by the Arts Council for the allocation of grants to individuals or organizations administering arts programs.(e) 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 § 18891
Amended by Stats 2017 ch 519 (SB 503),s 6, eff. 1/1/2018.Article heading amended by Stats 2017 ch 519 (SB 503),s 5, eff. 1/1/2018.Added by Stats 2013 ch 430 (SB 571),s 1, eff. 1/1/2014.