HB 684 Summary

• Amends Section 40-18-140 of the Alabama Code to add the USS Alabama Battleship Commission as an authorized income tax refund check-off recipient beginning in the 2015 tax year.

• Allows Alabama resident individual income taxpayers to voluntarily designate a portion of their state income tax refund to contribute to the USS Alabama Battleship Commission by checking an appropriate box on the tax return form.

• Contributions to the USS Alabama Battleship Commission will be distributed by the State Treasurer, with the Department of Revenue retaining up to five percent for administration costs.

• Check-offs must achieve average annual gross contributions of at least $7,500 over a three-year period to remain on tax return forms; failure to meet this threshold results in removal from subsequent tax years.

• The act becomes effective on the first day of the third month following passage and approval by the Governor.