REFERENCE TITLE: taxpayer voluntary contribution; fund

State of Arizona House of Representatives Forty-ninth Legislature Second Regular Session 2010

HB 2001

Introduced by Representatives Burges, Adams, Antenori, Ash, Barnes, Court, Crump, Gowan, Hendrix, Jones, Kavanagh, Lesko, Mason, Weiers J, Weiers JP, Williams, Senators Burns, Gould, Gray L, Harper, Pearce R: Representatives Barto, Biggs, Boone, Crandall, Driggs, Goodale, Konopnicki, McComish, McLain, Montenegro, Murphy, Nichols, Pratt, Quelland, Seel, Stevens, Tobin, Yarbrough, Senators Allen S, Gorman, Gray C, Huppenthal, Melvin, Nelson, Verschoor

 

AN ACT

 

amending title 43, chapter 2, article 1, Arizona Revised Statutes, by adding section 43-211; amending title 43, chapter 6, article 1, Arizona Revised Statutes, by adding section 43-621; relating to individual income tax refunds.

 

 

(TEXT OF BILL BEGINS ON NEXT PAGE)

 

Be it enacted by the Legislature of the State of Arizona:

Section 1.  Title 43, chapter 2, article 1, Arizona Revised Statutes, is amended by adding section 43-211, to read:

START_STATUTE43-211.  I didn't pay enough fund

A.  The I didn't pay enough fund is established consisting of monies received pursuant to section 43-621.

B.  The director of the department of revenue shall administer the fund.  On notice from the director, the state treasurer shall invest and divest monies in the fund as provided by section 35-313, and monies earned from investment shall be credited to the fund.

C.  The department of revenue shall use the monies in the fund for the administrative costs of this section, except that administrative costs may not exceed ten per cent of the monies in the fund.  Any unexpended monies revert to the state general fund at the close of the fiscal year. END_STATUTE

Sec. 2.  Title 43, chapter 6, article 1, Arizona Revised Statutes, is amended by adding section 43-621, to read:

START_STATUTE43-621.  Contribution to I didn't pay enough fund

A.  The department shall provide a space on the individual income tax return form in which the taxpayer may designate an amount of the taxpayer's refund as a voluntary contribution to the I didn't pay enough fund established by section 43‑211.

B.  After subtracting any setoff for debts pursuant to section 42-1122, the department shall subtract the designated amount from the refund due the taxpayer and transfer it to the department for deposit in the I didn't pay enough fund.

C.  The taxpayer may also donate any amount to the I didn't pay enough fund, in lieu of or in addition to the designated portion of the tax refund, by an appropriate indication on the return and by including that amount with the return. END_STATUTE

Sec. 3.  Retroactivity

This act applies retroactively to taxable years beginning from and after December 31, 2009.