SENATE BILL NO. 380

INTRODUCED BY J. LYNCH, J. COBB, A. BISHOP, B. CRIPPEN, D. ECK, D. EWER, D. HAINES,

M. HALLIGAN, D. HARRINGTON, D. MAHLUM

A BILL FOR AN ACT ENTITLED: "AN ACT REVISING THE INCOME TAX CHECKOFF SYSTEM BY REDUCING FROM $20,000 TO $10,000 THE THRESHOLD AMOUNT THAT TRIGGERS TERMINATION OF CERTAIN TAX CHECKOFFS; AMENDING SECTION 12, CHAPTER 581, LAWS OF 1993, AND SECTION 1, CHAPTER 12, LAWS OF 1995; AND PROVIDING AN IMMEDIATE EFFECTIVE DATE AND A RETROACTIVE APPLICABILITY DATE."

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MONTANA:

Section 1. Section 12, Chapter 581, Laws of 1993, is amended to read:

"Section 12. Contingent termination. A voluntary income tax checkoff created in 15-30-150, 15-30-152, or 15-30-155 terminates on January 1 of the first tax year following the 2 immediately preceding tax years in which the voluntary checkoff raises less than $10,000 in each of those 2 tax years."

Section 2. Section 1, Chapter 12, Laws of 1995, is amended to read:

"Section 1. Section 12, Chapter 581, Laws of 1993, is amended to read:

"Section 12. Contingent termination. A voluntary income tax checkoff created in 15-30-150 or 15-30-155 terminates on January 1 of the first tax year following the 2 immediately preceding tax years in which the voluntary checkoff raises less than $10,000 in each of those 2 tax years.""

NEW SECTION. Section 3. Effective date. [This act] is effective on passage and approval.

NEW SECTION. Section 4. Retroactive applicability. [This act] applies retroactively, within the meaning of 1-2-109, to voluntary income tax checkoff programs to which the contingent termination in section 1, Chapter 12, Laws of 1995, applied and that were in effect prior to January 1, 1999.

- END -