Cal. Rev. & Tax. Code § 18887

18887

This provision is no longer in force

[This section’s article (ARTICLE 18. Safely Surrendered Baby Fund [18887. - 18890.]) states its own repeal: “18890. … (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during a calendar year will not at least equal the minimum contribution amount for the calendar year, this article is repealed with respect to taxable years beginning on or after January 1 of that calendar year.” The fund missed its minimum in 2012 (Assembly Revenue and Taxation Committee, analysis of AB 2497, April 8, 2016: “The Safely Surrendered Baby Fund received only $158,645 in 2012 and, as a result, was eliminated from the return”). Under paragraph (2) the article was repealed with respect to taxable years beginning on or after January 1, 2012.]

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