SB 1173 Summary

• Extends the military family relief fund and related tax credit provisions through December 31, 2022 (previously scheduled to expire December 31, 2018).

• Allows taxpayers to claim an income tax credit for cash donations to the military family relief fund, with limits of $200 for single filers/heads of household and $400 for joint filers.

• Establishes a military family relief advisory committee to determine appropriate uses of fund monies and approve financial assistance to military families, including those with deceased, wounded, injured, or seriously ill service members.

• Authorizes financial assistance up to $20,000 per family for eligible expenses including living stipends for surviving family members, temporary residence costs near medical facilities, and other living expenses.

• Requires independent annual audits of the fund and director authorization of donations qualifying for tax credits, limited to $1 million per calendar year on a first-come, first-served basis.