141.440 Designation of income tax refund to child victims' trust fund.
133 words·~1 min read·
/ky/chapter-141/141-440A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(1)Effective for the tax year beginning January 1, 1984, and until the State Treasurer
certifies that the assets in the child victims' trust fund exceed twenty million dollars
($20,000,000), any individual, or individuals in the case of joint return, who is
entitled to a tax refund sufficient to make a designation under this section may
designate that two dollars ($2) or four dollars ($4) or any amount of the refund be
credited to the child victims' trust fund.
(2)The tax designation authorized in this section shall be clearly and unambiguously
printed on the first page of the state individual income tax return.
(3)The proceeds derived from the tax designation shall be credited to the child victims'
trust fund to be allocated and distributed as provided in KRS 15.900 to 15.940.