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ID H0214
Bill
Status
2/27/2017
Primary Sponsor
Revenue and Taxation Committee
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AI Summary
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Adds Volunteers Against Violence and its foundation to the list of eligible organizations for Idaho's charitable contribution income tax credit under Section 63-3029C.
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Allows taxpayers to claim a credit equal to 50% of charitable contributions made to qualifying organizations, with non-corporate taxpayers limited to the lesser of 20% of total income tax liability or $100, and corporations limited to the lesser of 10% of total tax liability or $500.
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Applies retroactively to January 1, 2017, with the act taking effect immediately upon passage and approval.
Legislative Description
Amends existing law to provide an income tax credit for charitable contributions to Volunteers Against Violence or its foundation.
INCOME TAXATION
Last Action
Reported Printed and Referred to Revenue & Taxation
2/28/2017