SF 326

as introduced - 87th Legislature (2011 - 2012) Posted on 02/23/2012 08:40am

A bill for an act
relating to taxation; creating an income checkoff for homeless prevention;
amending Minnesota Statutes 2010, section 270C.445, by adding a subdivision;
proposing coding for new law in Minnesota Statutes, chapter 290.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

Section 1.

Minnesota Statutes 2010, section 270C.445, is amended by adding a
subdivision to read:

new text begin Subd. 5c. new text end

new text begin Homeless prevention. new text end

new text begin A tax preparer must give written notice of the
option to contribute to the homeless prevention management account in sections 290.433
and 290.434 to corporate clients that file an income tax return and to individual clients
who file an income tax return or property tax refund claim form. This notification must be
included with information sent to the client at the same time as the preliminary worksheets
or other documents used in preparing the client's return and must include a line for
displaying contributions.
new text end

new text begin EFFECTIVE DATE. new text end

new text begin This section is effective for taxable years beginning after
December 31, 2010.
new text end

Sec. 2.

new text begin [290.433] HOMELESS PREVENTION CHECKOFF.
new text end

new text begin Every individual who files an income tax return or property tax refund claim form
may designate on their original return that $1 or more must be added to the tax or
deducted from the refund that would otherwise be payable by or to that individual and
paid into an account to be established for the management of homeless prevention and
food shelf programs. The commissioner of revenue must, on the income tax return and
the property tax refund claim form, notify filers of their right to designate that a portion
of their tax or refund be paid into the homeless prevention management account. The
sum of the amounts designated to be paid must be credited to the homeless prevention
management account for homeless prevention and services through emergency services
grants established under section 256E.36 and administered by the Department of Human
Services, with priority given to grants for youth homeless shelters and services. An
amount to pay the personnel and administrative costs to administer the checkoff is
annually appropriated to the commissioner from the homeless prevention management
account in the special revenue fund. All interest earned on money accrued, gifts to
the program, contributions to the program, and reimbursements of expenditures in
the homeless prevention management account must be credited to the account by the
commissioner of management and budget, except that gifts or contributions received
directly by the commissioner of human services and directed by the contributor for use
in specific homeless prevention and food shelf programs must be handled directly by
the Department of Human Services. The state pledges and agrees with all contributors
to the homeless prevention management account to use the funds contributed solely for
the management of homeless prevention and for administration of the checkoff program
and further agrees that it will not impose additional conditions or restrictions that limit or
otherwise restrict the ability of the commissioner of human services to use the available
funds for the most efficient and effective management of homeless prevention programs.
The dedicated money under this section must supplement traditional sources of funding
for these purposes and may not be used as a substitute.
new text end

new text begin EFFECTIVE DATE. new text end

new text begin This section is effective for taxable years beginning after
December 31, 2010.
new text end

Sec. 3.

new text begin [290.434] CORPORATE HOMELESS PREVENTION CHECKOFF.
new text end

new text begin A corporation that files an income tax return may designate on its original return
that $1 or more must be added to the tax or deducted from the refund that would
otherwise be payable by or to that corporation and paid into the homeless management
account established by section 290.433 for homeless prevention and services through
emergency services grants under section 256E.36, with priority given for grants to youth
homeless shelters and services. An amount to pay the personnel and administrative
costs to administer the checkoff is annually appropriated to the commissioner from the
homeless prevention management account in the special revenue fund. The commissioner
of revenue must, on the corporate tax return, notify filers of their right to designate
that a portion of their tax return be paid into the homeless prevention management
account for homeless prevention programs. All interest earned on money accrued, gifts
to the program, contributions to the program, and reimbursements of expenditures in
the homeless prevention management account must be credited to the account by the
commissioner of management and budget, except that gifts or contributions received
directly by the commissioner of human services and directed by the contributor for use
in specific homeless prevention programs must be handled directly by the Department
of Human Services. The state pledges and agrees with all contributors to the homeless
prevention management account to use the funds contributed solely for the management
of homeless prevention programs and for administration of the checkoff program and
further agrees that it will not impose additional conditions or restrictions that limit or
otherwise restrict the ability of the commissioner of human services to use the available
funds for the most efficient and effective management of homeless prevention programs.
The dedicated money under this section must supplement traditional sources of funding
for these purposes and may not be used as a substitute.
new text end

new text begin EFFECTIVE DATE. new text end

new text begin This section is effective for taxable years beginning after
December 31, 2010.
new text end