HB 359 -- Hancock Amendment Refund Trust Fund

Co-Sponsors:  Shoemyer (9), Ransdall, Whorton, Jetton, Barnitz

This bill creates the Hancock Amendment Refund Trust Fund.

Taxpayers due a refund of $10 or less pursuant to Article X,
Section 18 of the Missouri Constitution, commonly known as the
Hancock Amendment, may designate on their state income tax return
that the refund be credited to the trust fund.  The amount
designated will be credited on the taxpayer's return in the
following tax year and appear on the taxpayer's W-2 form.

Deposits in the trust fund will be used solely for payment of
costs incurred administering the trust fund.

Missouri House of Representatives
Last Updated July 25, 2003 at 10:11 am