SB150 Summary

• Amends Section 40-18-140 of the Alabama Code to add a new income tax check-off option for contributions to the Alabama State Veterans Cemetery at Spanish Fort Foundation, Incorporated, beginning in the 2018 tax year.

• Allows Alabama resident individual income taxpayers to designate a portion of their state income tax refund (in whole dollar amounts) to this charitable organization on the state income tax return form.

• Contributions are deposited with the State Treasurer and distributed to the foundation, with up to 5% of contributions deducted for Department of Revenue administrative costs.

• Check-offs that fail to generate average annual gross contributions of $7,500 over a three-year period will be dropped from tax return forms and their authorization repealed.

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