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OH SB365
Bill
Status
8/20/2012
Primary Sponsor
Eric Kearney
Click for details
AI Summary
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Establishes a program allowing Ohio taxpayers to elect receiving income tax refunds via prepaid debit card as an alternative to paper warrants or direct deposit.
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Requires the tax commissioner to provide a space on income tax return forms where taxpayers can choose the prepaid debit card refund option.
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Mandates the commissioner to enter into agreements with prepaid debit card issuers to supply and fund cards with refund amounts, with any associated fees charged to the taxpayer.
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Requires tax return instructions to describe the prepaid debit card program features, including any fees that may be charged for accessing refunds.
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Applies to taxable years beginning on or after January 1, 2012.
Legislative Description
To require the Department of Taxation to provide taxpayers the option of receiving their income tax refund in the form of a prepaid debit card.
Income tax refund-option to receive as prepaid debit card
Last Action
To Ways & Means & Economic Development
8/20/2012