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2005 SESSION

050911756
SENATE BILL NO. 803
Offered January 12, 2005
Prefiled January 7, 2005
A BILL to amend the Code of Virginia by adding a section numbered 58.1-346.25, relating to the Dr. Martin Luther King, Jr. Commission Fund.
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Patron-- Marsh
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Referred to Committee on Finance
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Be it enacted by the General Assembly of Virginia:

1.  That the Code of Virginia is amended by adding a section numbered 58.1-346.25 as follows:

§ 58.1-346.25. Voluntary contribution to the Dr. Martin Luther King, Jr. Commission Fund.

A. For taxable years beginning on or after January 1, 2005, any individual eligible to receive a tax refund pursuant to § 58.1-309 may designate, at the time of filing the return, a voluntary contribution of any amount of such refund, but not less than $1, to the Dr. Martin Luther King, Jr. Commission Fund to support the work of the Dr. Martin Luther King, Jr. Memorial Commission and to generate nonstate funds to maintain the Martin Luther King, Jr. Living History and Public Policy Center.

B. All moneys collected pursuant to subsection A shall be deposited into the Dr. Martin Luther King, Jr. Commission Fund as established in § 30-192.7. The Tax Commissioner shall determine annually the total amount designated on all returns and shall report the same to the State Treasurer. The direct costs of administration shall be deducted from such amount after which the State Treasurer shall pay the remainder to the Dr. Martin Luther King, Jr. Memorial Commission Fund.

All moneys so deposited in the Fund shall be administered by the Division of Legislative Services in accordance with and for the purposes provided in Chapter 27 (§ 30-192 et seq.) of Title 30.

2.  That the Tax Commissioner shall provide a description of the Dr. Martin Luther King, Jr. Memorial Commission and the Martin Luther King, Jr. Living History and Public Policy Center in the instructions that accompany the annual Virginia income tax return package.