Bill Text: IN HB1520 | 2011 | Regular Session | Introduced
Bill Title: Donate income tax refund to public schools.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Introduced - Dead) 2011-01-20 - First reading: referred to Committee on Ways and Means [HB1520 Detail]
Download: Indiana-2011-HB1520-Introduced.html
Citations Affected: IC 6-8.1-9-4.
Synopsis: Donate income tax refund to public schools. Adds public
school technology funding as a charitable purpose to which an
individual may choose to give all or part of the individual's income tax
refund.
Effective: July 1, 2011.
January 20, 2011, read first time and referred to Committee on Ways and Means.
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A BILL FOR AN ACT to amend the Indiana Code concerning
taxation.
fund. If an individual designates all of the refund to which the
individual is entitled to be paid over to one (1) or more of the funds
described in subsection (d) without designating specific amounts,
the refund to which the individual is entitled shall be paid over to
each fund described in subsection (d) in an amount equal to the
refund divided by the number of funds described in subsection (d),
rounded to the lowest cent, with any part of the refund remaining
due to the effects of rounding to be deposited in the nongame fund.
(b) Every husband and wife (other than nonresidents) who file a
joint income tax return and who are entitled to a refund from the
Indiana department of state revenue because of the overpayment of
income tax for a taxable year may designate on their annual state
income tax return that either a specific amount or all of the refund to
which they are entitled shall be paid over to one (1) or more of the
nongame fund. In the event that the husband and wife designate that a
certain amount shall be paid over to the nongame fund and funds
described in subsection (d). If the refund to which they a husband
and wife are entitled is less than the total amount designated such
designation shall mean that to be paid over to one (1) or more of the
funds described in subsection (d), all of the refund to which they the
husband and wife are entitled shall be paid over to the nongame fund.
designated funds, but in an amount or amounts reduced
proportionately for each designated fund. If a husband and wife
designate all of the refund to which the husband and wife are
entitled to be paid over to one (1) or more of the funds described in
subsection (d) without designating specific amounts, the refund to
which the husband and wife are entitled shall be paid over to each
fund described in subsection (d) in an amount equal to the refund
divided by the number of funds described in subsection (d),
rounded to the lowest cent, with any part of the refund remaining
due to the effects of rounding to be deposited in the nongame fund.
(c) In addition to a designation under subsection (a) or (b), a
taxpayer who:
(1) is a resident of Indiana; and
(2) files an individual or joint income tax return;
may designate on the taxpayer's annual state income tax return
that the taxpayer desires to contribute to one (1) or more of the
funds described in subsection (d) by stating the amount of the
contribution, but the amount may not be less than one dollar ($1).
(d) Designations under subsection (a), (b), or (c) may be directed
only to the following funds:
(1) The nongame fund.
(2) A school technology fund of a school corporation established under IC 20-40-15-2. A designation under this subdivision may be restricted for use by a particular public school within the school corporation.
(1) The nongame and endangered species program.
(2) A school technology fund.
(f) Individual income tax returns must include a statement that:
(1) a contribution under subsection (c) does not reduce the taxpayer's tax;
(2) a contribution under subsection (c) will:
(A) decrease or eliminate the refund owed to the taxpayer, if any;
(B) increase the amount that must accompany the return; or
(C) result in both of the consequences described in clauses (A) and (B); and
(3) the failure to include with the taxpayer's tax return all or part of the increased amount referred to under subdivision (2)(B) will reduce the designated contribution to the extent that the increased amount is not included with the return.
(g) The department shall interpret a designation on a return under subsection (a), (b), or (c) that is illegible or otherwise not reasonably discernible to the department as if the designation had not been made.
