Cal. Rev. & Tax. Code § 18739

18739

This provision is no longer in force

[This section’s article (ARTICLE 4.5. California YMCA Youth and Government Fund [18736. - 18739.]) states its own repeal: “18739. … (2) If the Franchise Tax Board determines that the amount of contributions estimated to be received during a calendar year will not equal or exceed the minimum contribution amount for the calendar year, this article is repealed with respect to taxable years beginning on or after January 1 of that calendar year.” The fund (California YMCA Youth and Government Fund, Stats. 2012, Ch. 228) missed its minimum in 2014 (Assembly analysis of AB 846, 2017: “the fund received $72,435 in 2013 and only $68,225 in 2014, falling well short of the standard $250,000 minimum contribution threshold”). Under paragraph (2) the article was repealed with respect to taxable years beginning on or after January 1, 2014.]

Log InSign Up