A. Each individual taxpayer required to file a state income tax return who desires to contribute to the Eastern Redcedar Revolving Fund, as created in Section 18-407 of this title, may designate the contribution on the appropriate income tax form. The contribution may not increase or decrease the income or liability of the taxpayer and may be made by reducing the income tax refund of a taxpayer by the amount designated or by accepting additional payment from the taxpayer by the amount designated, whichever is appropriate.

B. 1. The Oklahoma Tax Commission shall include on each state individual income tax return form for tax years beginning after December 31, 2010, an opportunity for the taxpayer to donate for the benefit of the Eastern Redcedar Revolving Fund. The instructions accompanying the income tax form shall be provided to the Oklahoma Tax Commission by the Oklahoma Department of Agriculture, Food, and Forestry and shall contain a description of the purpose for which the Eastern Redcedar Revolving Fund was established and information on the use of monies from the income tax contribution.

2. Taxpayers who are entitled to refunds shall have the refunds reduced by the amount designated by the taxpayer. The Oklahoma Tax Commission shall annually determine the total amount designated plus the amount received in excess payments and shall report the total amount to the Office of the State Treasurer. The State Treasurer shall credit the total amount to the Eastern Redcedar Revolving Fund created in Section 18-407 of this title at the earliest possible time.

C. The incremental cost of administration of contributions shall be paid out of the fund to the Oklahoma Tax Commission from amounts received pursuant to this section before funds are expended for the purposes of the fund.

Added by Laws 2010, c. 454, § 9, eff. July 1, 2010. Amended by Laws 2018, c. 13, § 6, eff. Nov. 1, 2018 and Laws 2018, c. 43, § 6, eff. Nov. 1, 2018.

NOTE: Laws 2018, c. 13, § 6 and Laws 2018, c. 43, § 6 made identical amendments to this section.