ND HB1276

Creates an individual income tax credit for contributions to nonprofit organizations exempt under Internal Revenue Code sections 501(c)(3) or 501(c)(19)

Credit amount equals the contribution made during the taxable year, capped at $500 for married couples filing jointly or $250 for single filers or married individuals filing separately

Contributions used to claim this credit cannot be used for any other state income tax deduction or credit, and the credit cannot exceed the taxpayer's total tax liability

North Dakota taxable income must be increased by the contribution amount to the extent it reduced federal taxable income to prevent double benefits

Effective for taxable years beginning after December 31, 2014