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ID H0451
Bill
Status
3/1/2018
Primary Sponsor
Revenue and Taxation Committee
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AI Summary
House Bill No. 451 Summary
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Adds residency programs accredited by the Accreditation Council for Graduate Medical Education or the American Osteopathic Association to the list of organizations eligible to receive tax-deductible charitable contributions under Idaho Code Section 63-3029A
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Requires residency programs and their designated nonprofit support organizations to be based in Idaho and devoted to training residents in Idaho to qualify for the tax credit
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Maintains existing tax credit limitations: 50% of charitable contributions for individuals (maximum $500) and 10% for corporations (maximum $5,000)
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Section 1 becomes effective immediately; Section 2 becomes effective January 1, 2020
Legislative Description
Amends existing law to provide an income tax credit for charitable contributions made to medical residency placement organizations accredited by the Accreditation Council for Graduate Medical Education or the American Osteopathic Association or their designated nonprofit support organizations based in Idaho and devoted to training residents in Idaho.
INCOME TAXATION
Last Action
Reported Signed by Governor on March 1, 2018 Session Law Chapter 33 Effective: 07/01/2018 SECTION 1; 01/01/2020 SECTION 2
3/1/2018