Donation of income tax refund for scholarships.

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A. The Oklahoma Tax Commission shall include on each state individual income tax return form for tax years beginning after December 31, 2002, and each state corporate tax return form for tax years beginning after December 31, 2002, an opportunity for the taxpayer to donate from a tax refund for the benefit of scholarships pursuant to the Tulsa Reconciliation Education and Scholarship Trust Fund.

B. The monies generated from donations made pursuant to subsection A of this section shall be used by the board of trustees of the Trust Fund for purposes set forth by the Tulsa Reconciliation Education and Scholarship Act.

C. All monies generated pursuant to the provisions of subsection A of this section shall be paid to the State Treasurer and placed to the credit of the Tulsa Reconciliation Education and Scholarship Trust Fund.

Added by Laws 2002, c. 395, § 12, eff. Nov. 1, 2002.


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