Bill Text: AZ SB1208 | 2012 | Fiftieth Legislature 2nd Regular | Introduced

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Bill Title: Technical correction; taxes; special olympics

Spectrum: Partisan Bill (Republican 1-0)

Status: (Introduced - Dead) 2012-01-24 - Referred to Senate RULES Committee [SB1208 Detail]

Download: Arizona-2012-SB1208-Introduced.html

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REFERENCE TITLE: technical correction; taxes; special olympics

 

 

 

State of Arizona

Senate

Fiftieth Legislature

Second Regular Session

2012

 

 

SB 1208

 

Introduced by

Senator Klein

 

 

AN ACT

 

amending section 43-614, Arizona Revised Statutes; relating to tax refunds.

 

 

(TEXT OF BILL BEGINS ON NEXT PAGE)

 

Be it enacted by the Legislature of the State of Arizona:

Section 1.  Section 43-614, Arizona Revised Statutes, is amended to read:

START_STATUTE43-614.  Contribution of portion of refund to special olympics

A.  The department shall provide a space on the first page of the individual income tax return form in which the taxpayer may designate an amount of the taxpayer's refund as a voluntary contribution to the special olympics tax refund fund established pursuant to section 41‑173.

B.  After subtracting any setoff for debts pursuant to section 42‑1122 the department shall subtract the designated amount from the refund due the taxpayer.  The department of revenue shall transfer the designated amount to the department of economic security for credit to the special olympics tax refund fund.

C.  The taxpayer may also donate any amount to the special olympics tax refund fund, in lieu of or in addition to the designated portion of the income tax refund, by an appropriate indication on the return and by including that amount with the return. END_STATUTE