141.446 Designation of income tax refund to breast cancer research and education

195 words·~1 min read·/ky/141-446

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

trust fund.

(1)Effective for taxable years beginning January 1, 2005, any taxpayer required to file

a return under KRS 141.180 who is entitled to an income tax refund and who

desires to contribute to the breast cancer research and education trust fund created

under KRS 211.580 may designate an amount, not to exceed the amount of the

refund, to be paid to the fund. A designation made under this section shall not affect

the income tax liability of the taxpayer, but it shall reduce the income tax refund by

the amount designated.

(2)The tax refund designation authorized by this section shall be printed on the face of

the Kentucky individual income tax form.

(3)The instructions accompanying the individual income tax return shall include a

description of the breast cancer research and education trust fund and the purposes

for which the funds from the income tax checkoff may be used.

(4)The commissioner of the Department of Revenue shall, by July 1, 2006, and by July

1 of each year thereafter, transfer the funds designated by taxpayers under this

section to the breast cancer research and education trust fund created by KRS

211.580.