Cal. Public Resources Code § 37030
Cal. Public Resources Code § 37030
California · California Public Resources Code · Status: effective · Effective 2005-01-01
Cite this
- Citation
- Cal. Public Resources Code § 37030, California, version 1 as recorded 2026-07-25, yourstate.us, https://yourstate.us/provision/905268
- Permanent ID
ys:prov:905268@1- SHA-256
a304109e2426c19e1d41806bcfc1333f3b436ef19c7d4ffe0f2ab871113d1404
The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.
Full 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.
(c) Where property owners are able to utilize this tax credit, state acquisition costs are nearly halved.
(d) Authorizing the expenditure of bond funds to acquire property using these tax credits will significantly expand the acquisition power of existing bond funds.