(a) An individual may designate on the personal income tax return that a contribution in excess of the tax liability, if any, be made to the Habitat for Humanity Voluntary Tax Contribution Fund established by Section 18900.41. That designation is to be used as a voluntary contribution on the tax return.
(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 a 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, the return shall be treated as though no designation has been made.
(d) The Franchise Tax Board shall revise the form of the return to include a space labeled “Habitat for Humanity 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 to build affordable housing in California.
(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).
(f) Notwithstanding any other law, a voluntary contribution designation for the Habitat for Humanity Voluntary Tax Contribution Fund shall not be added on the tax return until another voluntary contribution designation is removed or space is available, whichever occurs first.
(Added by Stats. 2017, Ch. 398, Sec. 1. (AB 149) Effective January 1, 2018. Inoperative on date prescribed in Section 18900.43. Repealed, pursuant to Section 18900.43, on December 1 following inoperative date.)
Last modified: October 25, 2018