H.F. No. 4020 Summary

• Allows individual and corporate taxpayers a tax credit equal to 50 percent of donations made to qualified youth intervention organizations, with a maximum statewide credit of $5,000,000 per taxable year beginning after December 31, 2018.

• Individual tax credit certificates limited to $10,000 for married joint filers and $5,000 for other individual filers; corporate tax credit certificates limited to $50,000 per calendar year.

• Defines qualified youth intervention organizations as 501(c)(3) exempt entities primarily engaged in providing community-based services to at-risk youth ages 6-21, with approved applications required to participate.

• Establishes application and certification processes through the Department of Public Safety, including organization eligibility requirements, standardized receipt forms, and financial reporting for organizations receiving donations of $150,000 or more annually.

• Appropriates $100,000 in fiscal year 2019 to the commissioner of public safety for implementation and administration of the tax credit program.