RÉSUMÉ DIGEST
ACT 239 (SB 61) 2023 Regular Session Stine
New 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 Holden's Hope in lieu of that amount being paid
as a refund.
New law requires the secretary of the Dept. of Revenue to administer the donated monies and
to initially disburse the funds to Holden's Hope before March first of the year following the
year in which the return was filed.
New law requires the secretary of the Dept. of Revenue to disburse donated monies quarterly
after the initial disbursement.
Applicable to taxable years beginning on and after January 1, 2023.
Effective August 1, 2023.
(Adds R.S. 47:120.391)