| SB 0509 | Authorizes state income tax deduction for contributions of qualified commodities to charitable organizations |
| Sponsor: | Maxwell | |||
| LR Number: | S2167.01I | Fiscal Note: | 2167-01 | |
| Committee: | Ways and Means | |||
| Last Action: | 03/23/99 - Hearing Conducted S Ways & Means Committee | Journal page: | ||
| Title: | ||||
| Effective Date: | August 28, 1999 | |||
SB 509 - This act authorizes a state income tax deduction
for taxpayers who contribute commodities, as listed by the
Secretary of the U.S. Department of Agriculture, to section
503(c)(3) organizations. The deduction will be equal to the
parity price of the commodities, up to a total of $10,000 per
taxpayer per taxable year.
RUSS HEMBREE