HI SB2874

Allows individual taxpayers with state income tax refunds of $2 or more to designate a specific amount (minimum $2, up to their full refund) to be deposited into the school-level minor repairs and maintenance special fund established by section 302A-1504.5.

Allows individual taxpayers with state income tax refunds of $2 or more to designate a specific amount (minimum $2, up to their full refund) to be paid to the libraries special fund established by section 312-3.6.

For joint returns where both spouses have a combined refund of $4 or more, each spouse may independently designate $2 to either special fund.

Requires the Director of Taxation to revise income tax return forms to include a blank fill-in area above the signature lines where taxpayers can write their desired contribution amount.

Effective July 1, 2099, for taxable years beginning after December 31, 2009.