There is hereby established in the State Treasury the Type 1 Diabetes Research Fund to receive contributions made pursuant to Section 18781. 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 18781 to be transferred to the Type 1 Diabetes Research Fund. The Controller shall transfer from the Personal Income Tax Fund to the Type 1 Diabetes Research Fund an amount not in excess of the sum of the amounts designated by individuals pursuant to Section 18781 for payment into that fund.
(Added by Stats. 2016, Ch. 468, Sec. 1. (AB 2430) Effective January 1, 2017. Inoperative on date prescribed in Section 18784. Repealed, pursuant to Section 18784, on December 1 following inoperative date.)
Last modified: October 25, 2018