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MO SB35
Bill
Status
Passed
6/28/2013
Primary Sponsor
Wayne Wallingford
Click for details
AI Summary
- Establishes "Sahara's Law," a voluntary tax refund designation program allowing taxpayers to contribute to pediatric cancer research starting with taxable year January 1, 2013
- Permits individuals to designate $1 or more from single return refunds and $2 or more from combined return refunds; allows those without sufficient refunds to contribute separately by check
- Creates the Pediatric Cancer Research Trust Fund in the state treasury, with the state treasurer as custodian and all collected funds distributed to CureSearch for Children's Cancer
- Director of revenue deposits contributions monthly to the trust fund, with corporation contributions reduced by collection and handling costs; contributions only deposited after all other refund claims satisfied
- Program automatically sunsets December 31, 2019 (six years after August 28, 2013) unless reauthorized; if reauthorized, sunsets twelve years after reauthorization date
Legislative Description
Creates an income tax return check-off program to provide funds for CureSearch for Children's Cancer
Last Action
Signed by Governor
6/28/2013
Committee Referrals
General Laws4/3/2013
Ways And Means And Fiscal Oversight1/10/2013
Full Bill Text
No bill text available