House committee substitute to the 1st edition makes the following changes. Amends proposed new GS 105-269.9 to provide an option for taxpayers to contribute all or part of their income tax refund to the Clean Water Management Trust Fund instead of the Conservation Grant Fund. Makes conforming changes. Changes the act's titles.
Bill Summaries: H592 (2019-2020 Session)
Bill H 592 (2019-2020)Summary date: Apr 15 2019 - View summary
Bill H 592 (2019-2020)Summary date: Apr 3 2019 - View summary
Enacts new GS 105-269.9 (Contribution of income tax refund to Conservation Grant Fund). Provides an option for taxpayers to contribute all or part of their income tax refund to the Conservation Grant Fund (Fund) established under GS 113A-232. Directs the Secretary of Revenue to provide appropriate language and space on the income tax form to make the selection, and to transmit contributions made under this statute to the State Treasurer for credit to the Fund.
Effective for taxable years beginning on or after January 1, 2019.