HOUSE BILL 1072

47th legislature - STATE OF NEW MEXICO - first session, 2005

INTRODUCED BY

William "Ed" Boykin

AN ACT

RELATING TO TAXATION; PROVIDING FOR OPTIONAL DESIGNATION OF INCOME TAX REFUND CONTRIBUTION TO SUPPORT AMYOTROPHIC LATERAL SCLEROSIS RESEARCH.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF NEW MEXICO:

     Section 1. A new section of the Income Tax Act is enacted to read:

     "[NEW MATERIAL] OPTIONAL DESIGNATION OF TAX REFUND CONTRIBUTION--AMYOTROPHIC LATERAL SCLEROSIS RESEARCH.--

          A. An individual whose state income tax liability in a year is lower than the amount of money held by the department to the credit of the individual for that tax year may designate a portion of the income tax refund due the individual to be paid to the university of New Mexico ALS center for the purpose of conducting amyotrophic lateral sclerosis research.

          B. The secretary shall revise the state income tax form to allow the designation by individual taxpayers of the contribution in substantially the following form:

     "ALS research - Check if you wish to contribute a part or all of your tax refund to support ALS (Lou Gehrig's disease) research in New Mexico".

          C. The provisions of this section do not apply to income tax refunds subject to interception pursuant to the provisions of the Tax Refund Intercept Program Act, and any designation made pursuant to the provisions of this section to such refund is void."

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