59-10-1304. Removal of designation and prohibitions on collection for certain contributions on income tax return -- Conditions for removal and prohibitions on collection -- Commission publication requirements.
(1) If a contribution or combination of contributions described in Subsectiongenerate less than $30,000 per year for three consecutive years, the commission shall remove the designation for the contribution from the individual income tax return and may not collect the contribution from a resident or nonresident individual beginning two taxable years after the three-year period for which the contribution generates less than $30,000 per year. (1)(b) The following contributions apply to Subsection: (1)(a) the contribution provided for in Section; 59-10-1306 the sum of the contributions provided for in Subsection; 59-10-1307(1) the contribution provided for in Section; 59-10-1308 the contribution provided for in Section; 59-10-1319 the contribution provided for in Section; 59-10-1320 the contribution provided for in Section; 59-10-1321 the contribution provided for in Section; 59-10-1322 the contribution provided for in Section; 59-10-1323 the contribution provided for in Section; or 59-10-1324 the contribution provided for in Section. 59-10-1325
(2) If the commission removes the designation for a contribution under Subsection, the commission shall report to the Revenue and Taxation Interim Committee by electronic means that the commission removed the designation on or before the November interim meeting of the year in which the commission determines to remove the designation. (1)
(3) Within a 30-day period after the day on which the commission makes the report required by Subsection, the commission shall publish a list in accordance with Subsectionstating each contribution that the commission will remove from the individual income tax return. (2) (3)(b) The list shall: be published on: the commission's website; and the public legal notice website in accordance with Section; 45-1-101 include a statement that the commission: is required to remove the contribution from the individual income tax return; and may not collect the contribution; state the taxable year for which the removal described in Subsectiontakes effect; and (3)(a) remain available for viewing and searching until the commission publishes a new list in accordance with this Subsection. (3)