S.F. 2688 Summary

• Establishes a voluntary income tax checkoff allowing individuals and corporations to contribute $1 or more to a homeless prevention and food shelf management account when filing tax returns or property tax refund claim forms.

• Requires tax preparers to provide written notice to corporate and individual clients about the checkoff option, included with preliminary worksheets at the same time as other tax preparation documents.

• Directs the Commissioner of Revenue to notify filers on income tax and property tax refund forms of their right to designate contributions to the account (percentages to be determined).

• Funds collected are credited to an account administered jointly with the Department of Human Services and Minnesota Housing Finance Agency for homeless prevention services and food shelf programs established in section 256E.34.

• Effective for taxable years beginning after December 31, 2009.