Checkoff

A checkoff is a bookkeeping mechanism which provides for regular payment of an obligation such as union dues or a tax on sales of agricultural goods which finance a generic commodity marketing program such as the commodity checkoff programs mandated by the United States Department of Agriculture to promote sales of milk, beef, soybeans, or sorghum. Some US states offer income tax checkoffs to contribute voluntarily to various state programs.[1]

See also

References

  1. ↑ Check-off Programs See Strong Growth Federation of Tax Administrators


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