A. Except as otherwise provided in Subsection C of this section, any individual whose state income tax liability after application of allowable credits and tax rebates in any year is lower than the amount of money held by the department to the credit of such individual for that tax year may designate any portion of the income tax refund due to the individual to be paid to the amyotrophic lateral sclerosis research fund. In the case of a joint return, both individuals must make such a designation.
B. The department shall revise the state income tax form to allow the designation of such contributions in the following form:
"Amyotrophic Lateral Sclerosis Research Fund -
Check [ ] if you wish to contribute a part or all of your tax refund to the amyotrophic lateral sclerosis research fund for amyotrophic lateral sclerosis (Lou Gehrig's disease) research. Enter here $_________ the amount of your contribution.".
C. The provisions of this section do not apply to income tax refunds subject to interception under the provisions of the Tax Refund Intercept Program Act [Chapter 7, Article 2C NMSA 1978], and any designation made under the provisions of this section to such refunds is void.
History: Laws 2005, ch. 56, § 2.
ANNOTATIONSANNOTATIONSCross references. — For the amyotrophic lateral sclerosis research fund, see 24-20-4 NMSA 1978.
Effective dates. — Laws 2005, ch. 56, § 2 applies to taxable years beginning on or after January 1, 2005.