2009 Louisiana Laws TITLE 47 Revenue and taxation :: RS 47:120.37 Refund designation on tax form

SUBPART N.  SPECIAL PROVISIONS, DONATION

OF TAX REFUNDS

§120.37.  Refund designation on tax form

A.  Notwithstanding any other provisions of this Part to the contrary, the designation to donate all or any portion of the total amount of tax refund shall be made at the time of the filing of the current year tax return and shall be made on the income tax return form as prescribed by the secretary of the Department of Revenue.

B.  When the total amount of tax refunds donated to any donee is less than ten thousand dollars per year for two consecutive years, designation of such donee shall be removed from the income tax form.

C.  Notwithstanding any other provisions of this Part to the contrary, upon receipt of any taxpayer's current year income tax return upon which the designation of a donation has been made, the secretary shall enter in a central record the amount of the donation and the name of the donor.  The amount of the donations received by the secretary, less twenty percent credited to the department's expenses to defray administrative and printing expenses, shall be disbursed to the designated donee or as provided in the Act establishing such donation before March first of the year following the year in which the tax return was filed.

D.  The provisions of this Subpart are applicable to all existing and future refund donations, including but not limited to donations provided by Subparts G, H, and I of this Part* and Part VI of Chapter 4 of Title 46 of the Louisiana Revised Statutes.

Acts 1992, No. 1026, §1, eff. for taxable periods beginning after Dec. 31, 1991; Acts 1997, No. 658, §2.

*AS APPEARS IN ENROLLED BILL.