HI SB734

Allows individual state income taxpayers with a refund of $5 or more to designate up to $5 of their refund to one of three funds: the natural area reserve fund, the land conservation fund, or the rental housing trust fund.

For joint returns, both spouses may each designate $5 of the refund if the combined refund is $10 or more.

Requires the director of taxation to revise the state income tax form to display the designation options on the face of the return immediately above the signature lines.

Permits taxpayers to make a designation on an amended return filed within twenty months and ten days after the original return due date if not designated on the original return; designations cannot be revoked once made.

Applies to taxable years beginning after December 31, 2010.