SB65 adds income tax refund check-offs for contributions to the Alabama State Historic Preservation Fund and the Archives Services Fund.
It lets Alabama residents designate part of their tax refund to two specific funds. The contributions are deposited with the State Treasurer and distributed to the targeted funds, with administration costs capped at 5% for the Department of Revenue. If these check-offs do not reach an average of $7,500 per year over three years, the option can be dropped from the tax forms. The act becomes effective for tax years starting after December 31, 2012 and future check-offs created after April 17, 2006 will automatically get a check-off box on the return without needing a new amendment.
Delivered to Governor at 2:00 p.m. on June 2, 20111
Assigned Act No. 2011-620.
Signature Requested
Enrolled
Concurred in Second House Amendment
Marsh motion to Concur In and Adopt adopted Roll Call 934
Concurrence Requested
Motion to Read a Third Time and Pass adopted Roll Call 1059
Motion to Adopt adopted Roll Call 1058
Ways and Means Education Amendment Offered
Third Reading Passed
Read for the second time and placed on the calendar 1 amendment
Read for the first time and referred to the House of Representatives committee on Ways and Means Education
Motion to Read a Third Time and Pass adopted Roll Call 58
Motion to Adopt lost Roll Call 57
Smitherman Amendment Offered
Third Reading Passed
Reported from Finance and Taxation General Fund as Favorable
Read for the first time and referred to the Senate committee on Finance and Taxation General Fund
Source: Alabama Legislature