California Revenue and Taxation Code

§ 19602.5

RTC § 19602.5 Effective Oct 12, 2023Div. 2 · Part 10.2 · Ch. 8 · Art. 1

Statute text

(a)There is in the State Treasury the Behavioral Health Services (BHS) Fund. The estimated revenue from the additional tax imposed under Section 17043 for the applicable fiscal year, as determined under subparagraph (B) of paragraph (3) of subdivision (c), shall be deposited to the BHS Fund on a monthly basis, subject to an annual adjustment as described in this section.

(b)(1) Each fiscal year, the Controller shall deposit on a monthly basis in the BHS Fund an amount equal to the applicable percentage of net personal income tax receipts as defined in paragraph (4).

(2)The applicable percentage referred to in paragraph (1) shall be 1.76 percent.

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Legislative history

Repealed (in Sec. 7) and added by Stats. 2023, Ch. 790, Sec. 8. (SB 326) Effective October 12, 2023. Operative January 1, 2025, by its own provisions.