Bill Text: HI SB2969 | 2012 | Regular Session | Amended
Bill Title: Early Learning System Funding; Income Tax Refund Check-Off
Spectrum: Partisan Bill (Democrat 10-0)
Status: (Engrossed - Dead) 2012-03-20 - (H) Passed Second Reading as amended in HD 1 and referred to the committee(s) on FIN with none voting aye with reservations; none voting no (0) and Chang, Herkes, Nakashima, Pine, Tokioka excused (5). [SB2969 Detail]
Download: Hawaii-2012-SB2969-Amended.html
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THE SENATE |
S.B. NO. |
2969 |
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TWENTY-SIXTH LEGISLATURE, 2012 |
S.D. 1 |
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STATE OF HAWAII |
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A BILL FOR AN ACT
RELATING TO EARLY LEARNING.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF HAWAII:
SECTION 1. The purpose of this Act is to provide funding for the early learning system, or "keiki first steps", established under chapter 302L, Hawaii Revised Statutes.
SECTION 2. Chapter 235, Hawaii Revised Statutes, is amended by adding a new section to part VI to be appropriately designated and to read as follows:
"§235- Additional income designation or check-off authorized. Any law to the contrary notwithstanding, any individual whose state income tax refund for any taxable year is at least $25 may designate $25 of the refund to be paid to the early learning trust fund established under section 302L-5 when submitting a state income tax return to the department. In the case of a joint return of spouses having a state income tax refund of at least $50, each spouse may designate that $25 be paid to the early learning trust fund.
The director of taxation shall revise the individual and joint income tax forms to allow the designation of payment to the early learning trust fund on the face of the tax return and immediately above the signature lines. The designation shall be signified by a check-off similar to the check-offs authorized under section 235-102.5. An explanation shall be included that clearly states that the designation does not constitute an additional tax refund.
If no designation was made on the original tax return when filed, a designation may be made by the individual or spouse on an amended return filed within twenty months and ten days after the due date for the original return for such taxable year. A designation once made whether by an original or amended return shall not be revoked."
SECTION 3. Section 302L-5, Hawaii Revised Statutes, is amended to read as follows:
"§302L-5 Early learning trust fund. There is established within the state treasury the early learning trust fund, to be administered by the early learning council, into which shall be deposited all moneys received by the council in the form of:
(1) Fees;
(2) Grants;
(3) Donations;
(4) Appropriations made by the legislature to the
fund; [and]
(5) Payments from the income tax refund designation under section 235- ; and
[(5) Revenues] (6) Other revenues
regardless of their source,
and earnings on moneys in the fund. Moneys in the fund shall be used for the early learning system. Expenditures from the fund may be made by the council without appropriation or allotment."
SECTION 4. Statutory material to be repealed is bracketed and stricken. New statutory material is underscored.
SECTION 5. This Act, upon its approval, shall apply to taxable years beginning after July 1, 2050.
Report Title:
Early Learning System Funding; Income Tax Refund Check-Off
Description:
Requires the department of taxation to allow a taxpayer to designate (or "check off") that a specified amount of the taxpayer's income tax refund be paid to the early learning trust fund. Effective 7/1/50. (SD1)
The summary description of legislation appearing on this page is for informational purposes only and is not legislation or evidence of legislative intent.
