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AL HB618
Bill
Status
5/5/2015
Primary Sponsor
Randy Davis
Click for details
AI Summary
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Adds the Alabama State Veterans Memorial Cemetery at Spanish Fort Foundation, Inc., as an authorized charitable organization to Section 40-18-140, Code of Alabama 1975, allowing taxpayers to designate voluntary contributions from their income tax refunds via check-off on state income tax return forms.
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Contributions to the foundation shall be deposited with the State Treasurer and distributed to the foundation, less administrative costs to the Department of Revenue not to exceed 5 percent.
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A check-off that fails to achieve average annual gross contributions of $7,500 over a three-year period will be removed from state income tax return forms for the succeeding tax year and its authorization shall be effectively repealed.
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The act becomes effective January 1, 2016.
Legislative Description
Alabama State Veterans Memorial Cemetery at Spanish Fort Foundation, Inc., voluntary contributions, income tax refund check-off established, Sec. 40-18-140 am'd.
Alabama State Veterans Memorial Cemetery at Spanish Fort Foundation, Inc.
Last Action
Indefinitely Postponed
6/3/2015