SF 2688

as introduced - 86th Legislature (2009 - 2010) Posted on 02/16/2010 03:05pm

A bill for an act
relating to taxation; authorizing a homeless prevention and food shelf programs
income tax checkoff; amending Minnesota Statutes 2008, 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 2008, section 270C.445, is amended by adding a
subdivision to read:

new text begin Subd. 5b. new text end

new text begin Homeless prevention and food shelf checkoff. new text end

new text begin A tax preparer must
give written notice of the option to contribute to the homeless prevention and food shelf
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, 2009.
new text end

Sec. 2.

new text begin [290.433] HOMELESS PREVENTION AND FOOD SHELF 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 shall 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 shall, 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 and food shelf management account. The
sum of the amounts designated to be paid shall be credited to the homeless prevention
and food shelf management account for use in the following manner: (1) ….. percent for
homeless prevention and services; and (2) …. percent of the amounts to the food shelf
program established in section 256E.34 and administered by the Department of Human
Services. All interest earned on money accrued, gifts to the program, contributions
to the program, and reimbursements of expenditures in the homeless prevention and
food shelf management account shall be credited to the account by the commissioner of
finance, except that gifts or contributions received directly by the commissioners of human
services and the Minnesota Housing Finance Agency and directed by the contributor for
use in specific homeless prevention and food shelf programs shall be handled directly by
those departments.
new text end

new text begin The state pledges and agrees with all contributors to the homeless prevention and
food shelf programs account to use the funds contributed solely for the management of
homeless prevention and food shelf programs and further agrees that it will not impose
additional conditions or restrictions that limit or otherwise restrict the ability of the
commissioners of human services or the Minnesota Housing Finance Agency to use the
available funds for the most efficient and effective management of homeless prevention
and food shelf programs.
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, 2009.
new text end

Sec. 3.

new text begin [290.434] CORPORATE HOMELESS PREVENTION AND FOOD
SHELF 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 shall 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 prevention and food shelf
management account established by section 290.433 for use in the following manner: (1)
….. percent for homeless prevention and services; and (2) …. percent of the amounts to
the food shelf program established in section 256E.34 and administered by the Department
of Human Services. The commissioner of revenue shall, 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 and food shelf management account for homeless prevention and food shelf
programs. All interest earned on money accrued, gifts to the program, contributions
to the program, and reimbursements of expenditures in the homeless prevention and
food shelf management account shall be credited to the account by the commissioner of
finance, except that gifts or contributions received directly by the commissioner of natural
resources and directed by the contributor for use in specific homeless prevention and food
shelf programs shall be handled directly by those departments.
new text end

new text begin The state pledges and agrees with all contributors to the homeless prevention and
food shelf programs account to use the funds contributed solely for the management of
homeless prevention and food shelf programs and further agrees that it will not impose
additional conditions or restrictions that limit or otherwise restrict the ability of the
commissioners of human services or the Minnesota Housing Finance Agency to use the
available funds for the most efficient and effective management of homeless prevention
and food shelf programs.
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, 2009.
new text end