OH SB164

Amends section 5747.113 of the Revised Code to add the Central State University Scholarship Income Tax Contribution Fund to the list of funds that taxpayers may designate their income tax refunds to support.

Creates a new Central State University Scholarship Income Tax Contribution Fund in the state treasury that receives money from tax refund check-offs and direct contributions.

Requires the Board of Trustees of Central State University to use all money in the fund exclusively to provide scholarships to persons enrolled in a course of study at the university.

Allows taxpayers claiming a refund under section 5747.11 to designate any part of their refund to contribute to one or more of the five income tax contribution funds, with the Central State University fund now being an eligible option.

Changes the administrative cost allocation from an equal one-fourth share among four funds to a one-fifth share among five funds, with each fund to which contributions were made paying one-fifth of administrative costs.