October 17 late filer tax deadline nears: contribute to the Arts Council Fund on your state tax return!
2011 total for fund hovers around $155,000
October 17 is the last day to file your 2010 state tax return to avoid penalties and interest computed from the original due date of April 15, 2011. The California Arts Council hopes to see an uptick in voluntary contributions to the Arts Council Fund when that late filing deadline passes. About 9% of filers submit their returns between the April 15th deadline and the late deadline in mid-October each year, according to Larry Gilbert of the Statistics Research Section of the Franchise Tax Board.
We enthusiastically thank those 15,852 Californians who have already contributed over $155,000 to advance the arts in California, and thank all the arts organizations that have helped the California Arts Council promote this new funding source in our first year of participation.
Background: The Arts Council was included on the "Voluntary Contribution" portion of the Franchise Tax Board (FTB) tax return after the passage in 2010 of SB 1076 by Senator Curren Price. The FTB's 2010 tax return form permits California taxpayers to contribute part of their personal income tax refund to the California Arts Council and its arts programs for children and communities. Individuals may make tax-deductible contributions in amounts of $1 or more. Funds will be used to advance the arts and arts education -- no portion of the Arts Council Fund goes to administrative expenses. For more information, see: http://www.cac.ca.gov/files/checkoff.php