Cal. Rev. & Tax. Code § 18738

18738

This provision is no longer in force

[This section’s article (ARTICLE 4. Revive the Salton Sea Fund [18735. - 18738.]) states its own repeal: “18738. … (2) If the Franchise Tax Board determines that the amount of the contributions estimated to be received during a calendar year will not at least equal the minimum contribution amount for the calendar year, this article shall be inoperative with respect to taxable years beginning on or after January 1 of that calendar year and shall be repealed on December 1 of that year.” The Franchise Tax Board lists the Revive the Salton Sea Fund among the “Repealed Voluntary Contribution Funds” for 2019 (FTB Pub. 1095D, 2019); under paragraph (2) the article was repealed on December 1, 2019.]

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