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RS 47:120.331 - Income tax checkoff; donation for Louisiana Horse Rescue Association

LA Rev Stat § 47:120.331 (2018) (N/A)
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SUBPART ZZ. LOUISIANA HORSE RESCUE ASSOCIATION DONATION

§120.331. Income tax checkoff; donation for Louisiana Horse Rescue Association

A. Every individual who files an individual income tax return for the current tax year and who is entitled to a refund may designate on his current-year return that all or any portion of the total amount of the refund to which he is entitled shall be donated to the Louisiana Horse Rescue Association in lieu of that amount being paid to him as a refund. In this case, the refund shall be reduced by the amount so designated. The designation shall be made at the time of filing the current-year tax return and shall be made upon the income tax return form as prescribed by the secretary of the Department of Revenue. Donated monies shall be administered by the secretary and distributed to the Louisiana Horse Rescue Association in accordance with the provisions of R.S. 47:120.37. No donation made under the provisions of this Subpart shall be invalid for want of an authentic act.

B. The House Committee on Ways and Means may, at its discretion, request a report from the Louisiana Horse Rescue Association relative to its operations. The form and content of the report shall be prescribed by the chairman of the committee, but shall at a minimum contain a detailed explanation of the revenues and expenditures, as well as a description of the organization's activities. The committee may summon any person employed by or associated with the Louisiana Horse Rescue Association to provide testimony with respect to the report.

Acts 2017, No. 67, §1.

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RS 47:120.331 - Income tax checkoff; donation for Louisiana Horse Rescue Association