Louisiana 2022 2022 Regular Session

Louisiana House Bill HB350 Comm Sub / Analysis

                    DIGEST
The digest printed below was prepared by House Legislative Services.  It constitutes no part of the
legislative instrument.  The keyword, one-liner, abstract, and digest do not constitute part of the law
or proof or indicia of legislative intent.  [R.S. 1:13(B) and 24:177(E)]
HB 350 Engrossed	2022 Regular Session	Hilferty
Abstract:    Provides for an individual income tax checkoff for donations to the University of New
Orleans Foundation.
Proposed law provides for an income tax checkoff pursuant to which an individual can donate all
or a portion of his state income tax refund to the University of New Orleans Foundation in lieu of
that amount being paid as a refund.
Proposed law requires donated monies to be administered by the secretary of the Dept. of Revenue
and to be quarterly disbursed to the University of New Orleans Foundation.
Proposed law authorizes the House Committee on Ways and Means, at its discretion, to request
reports from the University of New Orleans Foundation 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 revenues and expenditures, as well as a description of the
organization's activities. 
Applicable to taxable years beginning on or after Jan. 1, 2023.
(Adds R.S. 47:120.371)