SB 140

Under current law, an individual income tax check-off procedure exists that

allows an individual who files a return to designate any amount of additional

payment or any amount of a refund due for the endangered resources program.

Similar checkoffs exist to provide payments to several other programs, including a

veterans trust fund, prostate cancer research, multiple sclerosis programs, a fire

fighters memorial, Second Harvest food banks, and a breast cancer research

program, and to provide a donation to a professional football stadium district. This

bill creates three similar income tax checkoffs for designations to state financed

programs towards elementary and secondary education materials, shared revenue,

and Medical Assistance (programs).

Under the bill, an individual who has an income tax liability, is due a refund,

or is required to file a return may designate any amount of additional payment, or

any amount of a refund due, to any or all of the three programs, on his or her income

tax return. If an individual's designation exceeds the amount of his or her refund,

he or she must include a check with his or her tax return for the difference between

the amount of the designation and the amount of the refund. If an individual who

makes a contribution has a tax liability or has no tax liability and is due no refund,

he or she must include a check for the amount of the designation with his or her tax

return.

The bill requires that an amount equal to the total amount of designations

received, less the total cost of administering each of the income tax check-off

procedures, be appropriated to the programs.