Providing for the Iowa individual income tax checkoff for public schools and the public school checkoff fund, making appropriations, and providing for implementation of the checkoff on the return

This bill provides that taxpayers filing individual income tax returns will be allowed to designate $1 or more on the return to be paid to the public school checkoff fund. The bill creates the public school checkoff fund in the state treasury under the control of the department of management (DOM). The bill requires the department of revenue to annually remit moneys collected from the checkoff to the fund. For the fiscal year beginning July 1, 2027, and each fiscal year thereafter, moneys available in the fund are appropriated to DOM to be used to provide a funding supplement to each school district during the fiscal year. 6. The moneys received by a school district from the checkoff shall be considered miscellaneous income and may be used for any general fund purpose and shall not be included in district cost.12E, which allows no more than four checkoffs on the individual tax return form and provides for the automatic repeal of the two checkoffs receiving the least in contributions over a two-year period. Currently, there are two checkoffs that appear on the individual income tax return: the checkoff for the fish and game protection fund and the checkoff for the child abuse prevention program fund.