MO HB286

Allows individuals and corporations to designate tax refunds to the American Red Cross trust fund, with a minimum of $1 for individuals or $2 for combined returns, effective for taxable years beginning January 1, 2011.

Permits taxpayers without sufficient refunds to make separate contributions to the fund by check, draft, or other negotiable instrument with their tax payment.

Creates the American Red Cross Trust Fund in the state treasury, to be managed by the state treasurer, with all collected funds distributed to the American Red Cross at the treasurer's discretion.

Requires the Department of Revenue to deposit contributions monthly to the state treasurer, with corporations' contributions reduced by collection and handling costs, after all other refund claims are satisfied.

Sunsets the program automatically on December 31 six years after the effective date unless reauthorized by the general assembly, with additional sunset provisions for reauthorized programs.