There is hereby established in the State Treasury the Keep Arts in Schools Voluntary Tax Contribution Fund to receive contributions made pursuant to Section 18891. The Franchise Tax Board shall notify the Controller of both the amount of money paid by taxpayers in excess of their tax liability and the amount of refund money that taxpayers have designated pursuant to Section 18891 to be transferred to the Keep Arts in Schools Voluntary Tax Contribution Fund. The Controller shall transfer from the Personal Income Tax Fund to the Keep Arts in Schools Voluntary Tax Contribution Fund an amount not in excess of the sum of the amounts designated by individuals pursuant to Section 18891 for payment into that fund.
(Amended by Stats. 2017, Ch. 519, Sec. 7. (SB 503) Effective January 1, 2018. Inoperative on or before January 1, 2025, as prescribed in Section 18894. Repealed on or before December 1, 2025, pursuant to Section 18894.)
Last modified: October 25, 2018