HCS HB 1290 -- INCOME TAX REFUND DESIGNATIONS

SPONSOR:  Cooper, 120 (Portwood)

COMMITTEE ACTION:  Voted "do pass" by the Committee on Tax Policy
by a vote of 14 to 4.

This substitute authorizes an income tax designation to be
printed on the Missouri income tax form for the purpose of
donating a portion of a taxpayer's or corporation's refund to
certain charities.

Donations can be made to the American Cancer Society Heartland
Division, Inc. Fund, the ALS Lou Gehrig's Disease Fund, the
American Lung Association of Missouri Fund, the Arthritis
Foundation Fund, the Muscular Dystrophy Association Fund, the
Harp and Shamrock Fund, the Gateway Area Diabetes Association
Fund, or the Gateway Area Chapter of the National Multiple
Sclerosis Society Fund.  The minimum contribution for each tax
return is $100, and the maximum is $200 per return.

FISCAL NOTE:  Estimated Net Income to General Revenue Fund of
Unknown to $38,745 in FY 2005, Unknown to $100,000 in FY 2006,
and Unknown to $100,000 in FY 2007.  No impact on Other State
Funds in FY 2005, FY 2006, and FY 2007.

PROPONENTS:  Supporters say that the designation will help the
various associations raise needed donations that go toward great
causes.

Testifying for the bill were Representative Portwood; American
Lung Association of Missouri; American Cancer Society; ALS
Association of St. Louis; Kevin Houlihan; and American Diabetes
Association.

OPPONENTS:  There was no opposition voiced to the committee.

Bill Tucker, Acting Director of Research

Missouri House of Representatives
92nd General Assembly, 2nd Regular Session
Last Updated September 23, 2004 at 11:15 am