California Revenue and Taxation Code

§ 19304

RTC § 19304 Effective Jan 1, 2026Div. 2 · Part 10.2 · Ch. 6 · Art. 1

Statute text

(a)The Franchise Tax Board shall revise taxpayer form instructions, for returns required to be filed, pursuant to Article 1 (commencing with Section 18501) of Chapter 2, to include information about the ability of a taxpayer to directly deposit a portion of the refund into the Golden State Scholarshare College Savings Trust or into the California ABLE Program Trust.

(b)The Scholarshare Investment Board shall provide the Franchise Tax Board with a description of the Golden State Scholarshare College Savings Trust on or before a specified date provided by the Franchise Tax Board. The length of the description shall be five lines or less.

(c)The California ABLE Act Board shall provide the Franchise Tax Board with a description of the California ABLE Program Trust on or before a specified date provided by the Franchise Tax Board. The length of the description shall be five lines or less.

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Legislative history

Amended by Stats. 2025, Ch. 722, Sec. 1. (AB 1076) Effective January 1, 2026.