View Bill Status
View Bill Text
View Statement of Purpose / Fiscal Impact
S1078.................................................by HEALTH AND WELFARE
CHILDREN'S TRUST FUND CHECKOFF - Amends existing law to clarify that the
checkoff for the Children's Trust Fund on the Idaho income tax form shall
expire when the balance in the trust fund reaches two million five hundred
thousand dollars.
02/01 Senate intro - 1st rdg - to printing
02/02 Rpt prt - to Health/Wel
02/08 Rpt out - rec d/p - to 2nd rdg
02/09 2nd rdg - to 3rd rdg
02/11 3rd rdg - PASSED - 28-4-3
AYES -- Brandt, Broadsword, Bunderson, Burkett, Burtenshaw, Coiner,
Compton, Corder, Darrington, Davis, Gannon, Goedde, Hill, Jorgenson,
Kelly, Keough, Lodge, Marley, McGee, McKenzie, Noble, Pearce,
Richardson, Schroeder, Stennett, Sweet, Werk, Williams
NAYS -- Geddes, Langhorst, Little, Stegner
Absent and excused -- Andreason, Cameron, Malepeai
Floor Sponsor - Coiner
Title apvd - to House
02/14 House intro - 1st rdg - to Health/Wel
02/25 Rpt out - rec d/p - to 2nd rdg
02/28 2nd rdg - to 3rd rdg
03/09 3rd rdg - Ref'd to Rev/Tax
]]]] LEGISLATURE OF THE STATE OF IDAHO ]]]]
Fifty-eighth Legislature First Regular Session - 2005
IN THE SENATE
SENATE BILL NO. 1078
BY HEALTH AND WELFARE COMMITTEE
1 AN ACT
2 RELATING TO THE CHILDREN'S TRUST FUND; AMENDING SECTION 39-6007, IDAHO CODE,
3 TO CLARIFY THAT THE CHECK-OFF EXPIRES WHEN THE BALANCE IN THE TRUST FUND
4 REACHES TWO MILLION FIVE HUNDRED THOUSAND DOLLARS.
5 Be It Enacted by the Legislature of the State of Idaho:
6 SECTION 1. That Section 39-6007, Idaho Code, be, and the same is hereby
7 amended to read as follows:
8 39-6007. CHILDREN'S TRUST FUND -- CREATION. (1) There is hereby created
9 in the state treasury the children's trust fund.
10 (2) The fund shall consist of:
11 (a) Moneys appropriated to the fund;
12 (b) Moneys as provided in section 63-3067A, Idaho Code;
13 (c) Donations, gifts and grants from any source; and
14 (d) Any other moneys which may hereafter be provided by law.
15 (3) Moneys in the fund may be expended for purposes provided in this
16 chapter, provided that the children's trust fund advisory board is authorized
17 to expend up to fifty percent (50%) of the moneys generated annually pursuant
18 to section 63-3067A, Idaho Code. Interest earned on the investment of idle
19 money in the children's trust fund shall be returned to the children's trust
20 fund.
21 (4) Disbursements of moneys from the fund shall be on the authorization
22 of the children's trust fund board or a duly authorized representative of the
23 board.
24 (5) After a total of the balance in the children's trust fund has reached
25 two million five hundred thousand dollars ($2,500,000), has been distributed
26 to the children's trust fund, no further collections shall be received by the
27 tax commission, and all references to the fund shall be deleted from income
28 tax forms.
STATEMENT OF PURPOSE
RS 14411
The proposed change amends ambiguous language in Idaho Code 39-
6007(5) making language clearly consistent with original
legislative intent. This amendment clarifies the sunset provision
of the tax check-off found in the Children’s Trust Fund statute to
state that the check-off expires when the balance in the trust
fund reaches two million five hundred thousand dollars.
FISCAL IMPACT
There is no fiscal impact resulting from the proposed change to
the existing statute.
CONTACT
Name: Nancy Hausner
Agency: Health and Welfare
Phone: 386-9317
Statement of Purpose/Fiscal Impact S 1078