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OK HB2710

Bill

Status

Passed

5/28/2010

Primary Sponsor

Wallace Collins

Click for details

Origin

House of Representatives

2010 Regular Session

AI Summary

  • Allows individual and corporate income tax return forms to include a checkoff provision permitting taxpayers to donate up to $25.00 from their tax refund to the Multiple Sclerosis Society, beginning with tax years after December 31, 2009.

  • Creates the "Multiple Sclerosis Society Revolving Fund" in the State Treasury to be administered by the State Department of Health, with all donated funds placed into this continuing account not subject to fiscal year limitations.

  • Directs the State Department of Health to distribute fund monies at the beginning of each fiscal year as grants to the Multiple Sclerosis Society for research and support related to multiple sclerosis.

  • Allows taxpayers who make donations in error to file refund claims within three years from the tax return due date, with refund amounts deducted from the following year's total donations and credited to the Income Tax Withholding Refund Account.

  • Effective date: November 1, 2010.

Legislative Description

Revenue and taxation; providing income tax checkoff for the Multiple Sclerosis Society. Effective date.

Revenue and Taxation

Last Action

Approved by Governor 06/06/2010

5/28/2010

Committee Referrals

Appropriations and Budget2/2/2010

Full Bill Text

No bill text available