2015 Idaho Statutes
Title 63 - REVENUE AND TAXATION
Chapter 30 - INCOME TAX
Section 63-3067A - DESIGNATION BY INDIVIDUALS -- TRUST ACCOUNTS.

63-3067A. Designation by individuals -- Trust accounts. (1) Every individual who:

(a) Has a refund due and payable for overpayment of taxes under this act may designate all or any portion thereof to be deposited in a trust account specified in subsection (3) of this section; or

(b) Has an income tax liability may, in addition to his tax obligation, include a donation to be deposited in a trust account specified in subsection (3) of this section.

(2) A designation under subsection (1) of this section may be made in any taxable year in such manner and form as prescribed by the state tax commission. The manner and form so prescribed shall be a conspicuous portion of the principal form provided for the purpose of individual taxation.

(3) The trust accounts authorized to receive moneys designated under subsection (1) of this section are:

(a) The fish and game set-aside account created by section 36-111, Idaho Code;

(b) The Idaho ag in the classroom account created by section 57-815, Idaho Code;

(c) The drug and driving while under the influence enforcement donation fund created by section 57-816, Idaho Code;

(d) The children's trust fund created by section 39-6007, Idaho Code;

(e) The special olympics Idaho fund created in section 57-823, Idaho Code;

(f) The Idaho guard and reserve family support fund created by section 57-820, Idaho Code;

(g) The American red cross of greater Idaho fund created in section 57-821, Idaho Code;

(h) The Idaho food bank fund created by section 57-824, Idaho Code; and

(i) The veterans support fund created in section 65-209, Idaho Code.

(4) Prior to the distribution of funds into any of the trust accounts specified in subsection (3) of this section from the refund account, the state tax commission shall retain funds for the commission's costs for collecting and administering the moneys in the accounts as follows: three thousand dollars ($3,000) from each account for start-up costs during the first year of collections, and three thousand dollars ($3,000) or twenty percent (20%) of the moneys remitted to each account during the fiscal year, whichever is less, from each account during each fiscal year thereafter, which amounts are hereby appropriated to the tax commission.

History:

[63-3067A, added 1987, ch. 337, sec. 3, p. 711; am. 1989, ch. 127, sec. 1, p. 277; am. 1990, ch. 388, sec. 12, p. 1077; am. 2002, ch. 292, sec. 9, p. 844; am. 2005, ch. 104, sec. 1, p. 328; am. 2006, ch. 88, sec. 1, p. 258; am. 2007, ch. 10, sec. 3, p. 15; am. 2008, ch. 218, sec. 3, p. 676; am. 2009, ch. 63, sec. 1, p. 173; am. 2009, ch. 108, sec. 9, p. 359; am. 2014, ch. 17, sec. 1, p. 24.]