Kentucky Statutes 141.449 – Designation of income tax refund to Kentucky CASA network fund
Current as of: 2024 | Check for updates
|
Other versions
(1) Effective for taxable years beginning on or after January 1, 2019, 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 Kentucky CASA network fund created by KRS
620.512 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 Kentucky CASA network fund and the purposes for which the funds from the income tax checkoff may be used.
(4) The department shall, by July 1, 2020, and by July 1 of each year thereafter, transfer the funds designated by taxpayers under this section to the Kentucky CASA network fund created by KRS § 620.512.
Effective: July 14, 2018
History: Created 2018 Ky. Acts ch. 62, sec. 1, effective July 14, 2018.
620.512 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.
Terms Used In Kentucky Statutes 141.449
- Department: means the Department of Revenue. See Kentucky Statutes 141.010
- Individual: means a natural person. See Kentucky Statutes 141.010
- Year: means calendar year. See Kentucky Statutes 446.010
(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 Kentucky CASA network fund and the purposes for which the funds from the income tax checkoff may be used.
(4) The department shall, by July 1, 2020, and by July 1 of each year thereafter, transfer the funds designated by taxpayers under this section to the Kentucky CASA network fund created by KRS § 620.512.
Effective: July 14, 2018
History: Created 2018 Ky. Acts ch. 62, sec. 1, effective July 14, 2018.