SECOND REGULAR SESSION

HOUSE BILL NO. 1435

92ND GENERAL ASSEMBLY

 

 

INTRODUCED BY REPRESENTATIVES JETTON (Sponsor), LAGER, DIXON, HANAWAY, HUNTER, DAVIS (19), STEFANICK, DUSENBERG, REINHART, ICET, LIPKE, PHILLIPS, GOODMAN, MOORE, NIEVES, CUNNINGHAM (145), MYERS, BEAN, RECTOR, CUNNINGHAM (86), DIXON,

WILSON (119), WOOD, HOBBS, MUNZLINGER, SANDER AND MAY (Co-sponsors).Read 1st time February 10, 2004, and copies ordered printed.

STEPHEN S. DAVIS, Chief Clerk

4206L.01I

 

AN ACT

To repeal section 143.1020, RSMo, and to enact in lieu thereof one new section relating to designations of state tax refunds.




Be it enacted by the General Assembly of the state of Missouri, as follows:


            Section A. Section 143.1020, RSMo, is repealed and one new section enacted in lieu thereof, to be known as section 143.1020, to read as follows:

            143.1020. 1. This section shall be known and may be cited as the "Tax Donation Act".

            2. For each taxable year beginning on or after January 1, 2003, each individual or corporation entitled to a tax refund may designate that all or part of the refund due be credited to the state general revenue fund. The contribution designation authorized by this section shall be clearly and unambiguously printed on the first page of each income tax return form provided by this state. If any individual or corporation which is not entitled to a tax refund wishes to make a contribution to the state general revenue fund, such individual or corporation may, by separate check, draft, or other negotiable instrument, send in with the payment of taxes, or may send in separately, that amount, clearly designated for the state general revenue fund, the individual or corporation wishes to contribute and the department of revenue shall forward such amount to the state treasurer for deposit to the state general revenue fund as provided in subsection [2] 3 of this section.

            [2.] 3. The director of revenue shall transfer at least monthly all contributions designated by individuals or corporations pursuant to this section to the state treasurer for deposit to the state general revenue fund.