House Bill No. 474, introduced by Representative Young, establishes a new individual income tax checkoff allowing taxpayers to donate all or a portion of their state income tax refund to the Grambling University National Alumni Association. This provision will take effect for tax years beginning on or after January 1, 2027. Taxpayers will be able to indicate their donation preference on their income tax return, and the amount designated for donation will reduce their refund accordingly.
The bill mandates that the donated funds be administered by the secretary of the Department of Revenue and distributed to the Grambling University National Alumni Association in accordance with existing law (R.S. 47:120.37). The legislation aims to support the alumni association through voluntary contributions from taxpayers, enhancing financial support for the institution.