This bill proposes several updates to the current statutes regarding the veterans' donations fund and individual income tax refunds. It introduces new provisions that require the Department of Revenue (DOR) to provide a designated space on the individual income tax return form for taxpayers to voluntarily contribute a portion of their refund to the veterans' donations fund. Additionally, the DOR will subtract any setoff for debts before transferring the designated contributions to the Department of Veterans' Services (DVS) for deposit in the fund. The bill also mandates that the DVS establish a separate subaccount within the veterans' donations fund specifically for these contributions and allocate funds to qualified veterans' service organizations.

Furthermore, the bill amends existing statutes to include the new section 43-623, which outlines the process for these contributions and the responsibilities of the DVS and DOR. It also specifies that the DVS must report the initial administrative costs associated with these changes to the state general fund. The act is set to apply to taxable years beginning January 1, 2027, and includes technical and conforming changes to ensure consistency with the new provisions.

Statutes affected:
Introduced Version: 41-608, 43-623, 28-2414, 28-2428, 28-2431, 28-2447, 28-2454, 28-2470.10, 28-2473, 28-2474, 28-2475, 28-2476, 43-620, 35-190, 41-608.01, 35-146, 35-147, 41-1363, 35-313