OH SB60

Creates the Ohio Historical Society Income Tax Contribution Fund in the state treasury to receive contributions from taxpayers through the income tax refund system and direct contributions.

Allows taxpayers claiming income tax refunds to designate any portion of their refund to contribute to the Ohio Historical Society Income Tax Contribution Fund, in addition to existing funds for natural areas and preserves, nongame and endangered wildlife, and military injury relief.

Requires the tax commissioner to provide a space on income tax return forms for taxpayers to indicate donations and to print descriptions of all four funds' purposes in return instructions.

Directs the Ohio Historical Society to use contributed funds to further its public functions under existing law.

Changes administrative cost-sharing from one-third allocation among three existing funds to one-fourth allocation among four funds (including the new historical society fund), with administrative costs capped at 2.5% of total contributions annually.