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House Bill 1206
ARCHIVE (2007)
Latest Information
| | DIGEST OF INTRODUCED BILL
Donations to community foundations. Allows an adjusted gross income tax credit for a donation made by the taxpayer to a community foundation. Provides that the credit is 50% of the contribution. Provides that, in the case of an individual, the credit may not exceed $100 for a single return or $200 for a joint return. Provides that, in the case of a corporation, the credit may not exceed the lesser of $1,000 or 10% of a corporation's adjusted gross income tax. |
Current Status:
| | In Committee - first House |
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