SB 1443 Summary

• Extends the military family relief fund and veterans' donations fund tax credit programs from December 31, 2018 to December 31, 2025.

• Consolidates the tax credit under section 43-1086 to apply to donations to the veterans' donations fund (rather than the military family relief fund), maintaining the $200 credit limit for single filers and $400 for joint filers.

• Establishes a $1 million annual cap on donations that qualify for income tax credits on a first-come, first-served basis, with the Department of Veterans Services issuing receipts and tracking qualified donations.

• Requires the director to establish separate subaccounts in the veterans' donations fund for the enduring freedom memorial, women veterans' services, and scholarships for children of military members.

• Effective for taxable years beginning after December 31, 2017, with the fund consolidation and administrative amendments effective December 31, 2017.