HB 631
Creates an income tax check-off for contributions to certain funds
Sponsor:
LR Number:
1685S.03T
Last Action:
7/12/2011 - Signed by Governor
Journal Page:
Title:
SCS HCS HB 631
Calendar Position:
Effective Date:
August 28, 2011
House Handler:

Current Bill Summary

SCS/HCS/HB 631 - This act authorizes a state individual and corporate income tax check-off for the newly created developmental disabilities waiting list equity trust fund. Taxpayers entitled to a refund may designate that at least one dollar on an individual return or two dollars on a combined return of the taxpayer's to be deposited into the fund. Taxpayers that are not entitled to receive an income tax refund may make a donation to the fund by designating an amount and sending separate payment with their income tax return. Moneys in the fund will be used to provide community services and support to people with developmental disabilities and their families who are eligible to receive services, but are on the developmental disabilities waiting list. Moneys in the fund cannot be used to offset other general revenue appropriations.

The act also authorizes a check-off box for the newly created American Red Cross Trust Fund to be added to the individual and corporate income tax forms. A taxpayer may donate to the fund by designating on the form at least one dollar on an individual return or two dollars on a combined return of his or her tax refund amount or by sending a separate check with the payment of his or her taxes.

The provisions of the act will automatically sunset on December 31, 2017, unless reauthorized.

Provisions contained in this act are identical to the provisions of House Bill 286 (2011).

JASON ZAMKUS

Amendments