ID H0630

Increases the maximum income tax credit for charitable contributions to 50% of donations for individual taxpayers to 25% of total income tax liability or $1,500 (whichever is less) from January 1, 2011 through December 31, 2015, then reduces to 20% or $100 effective January 1, 2016.

Increases the maximum income tax credit for corporate taxpayers to 10% of total income or franchise tax liability or $15,000 (whichever is less) from January 1, 2011 through December 31, 2015, then reduces to 10% or $1,000 effective January 1, 2016.

Expands eligible charitable donation recipients to include the Council for the Deaf and Hard of Hearing, Developmental Disabilities Council, Commission for the Blind and Visually Impaired, Commission on Hispanic Affairs, and State Independent Living Council.

Defines "contribution" as monetary donations reduced by the value of any benefit received in return such as food, entertainment, or merchandise.

Directs that trustee and benefit payments to the five newly eligible entities for fiscal year July 1, 2010 through June 30, 2011 and thereafter be increased by contributions received under this credit provision.