SB129 Summary

• Amends Section 36-21-186 to allow voluntary contributions to the Alabama Firefighters Annuity and Benefit Fund through checkoffs on both income tax returns and ad valorem property tax statements, with a minimum contribution of $2.

• Requires all Alabama state individual income tax return forms beginning with the 2010 tax year to include a designation allowing taxpayers to contribute $2 or more from their state income tax refund to the fund.

• Authorizes joint filers to each independently designate contributions on the same return form.

• Directs the Department of Revenue to determine annually the total designated contributions and deposit the amount to the fund, minus administrative costs not exceeding three percent of revenue produced.

• Becomes effective on the first day of the third month following passage and gubernatorial approval.