California Revenue and Taxation Code 38904 – The money in the Timber Tax Fund is appropriated as …
The money in the Timber Tax Fund is appropriated as follows:
(a) To reimburse the General Fund for funds advanced for costs incurred by the board in administration of this part as follows:
Terms Used In California Revenue and Taxation Code 38904
- Appropriation: The provision of funds, through an annual appropriations act or a permanent law, for federal agencies to make payments out of the Treasury for specified purposes. The formal federal spending process consists of two sequential steps: authorization
- board: means the California Department of Tax and Fee Administration. See California Revenue and Taxation Code 20
- Controller: means the State Controller. See California Revenue and Taxation Code 21
- Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
(1) Four hundred sixty-seven thousand nine hundred thirty dollars ($467,930) for fiscal years 1975-76 and 1976-77.
(2) Amounts identified and approved in subsequent fiscal years as approved in the Budget Bill. One-half of this amount shall be reimbursed to the General Fund between November 1 and November 10, and the remaining one-half between May 1 and May 10. In the event that not all funds approved in the Budget Bill are actually expended by the board, then in the succeeding fiscal year, the amount to be reimbursed to the General Fund between November 1 and November 10 shall be reduced by an amount equal to the unexpended appropriation of the preceding fiscal year.
(b) To reimburse the General Fund for funds advanced for costs incurred by the State Forester in administration of § 4582.8 of the Public Resources Code as follows:
(1) Thirteen thousand five hundred dollars ($13,500) for fiscal years 1975-76 and 1976-77.
(2) Amounts identified and approved in subsequent fiscal years as approved in the Budget Bill.
(c) To the Controller to allocate pursuant to Sections 38905 and 38905.1.
(d) To pay refunds authorized by this part of taxes imposed pursuant to Section 38115 and interest, penalties, and other amounts paid or collected pursuant to this part and deposited in the Timber Tax Fund.
(Amended by Stats. 1997, Ch. 940, Sec. 15. Effective January 1, 1998.)