California Public Resources Code

§ 37030

PRC § 37030 Effective Jan 1, 2005Div. 28 · Ch. 7

Statute text

The Legislature finds and declares all of the following:

(a)Current justifiable needs for the acquisition of property for environmental purposes substantially exceed state-approved bond funds available for these purposes.

(b)The Natural Heritage Preservation Tax Credit Act of 2000 authorizes the acquisition of qualified property through donations eligible for a credit against the personal income or bank and corporation tax in an amount equal to 55 percent of the fair market value of any qualified contribution.

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Legislative history

Added by Stats. 2004, Ch. 715, Sec. 2. Effective January 1, 2005.