SB 0623 Establishes tax credit for donation of high technology equipment to schools
LR Number:2522S.01I Fiscal Note:2522-01
Committee:Ways and Means
Last Action:01/18/00 - Hearing Conducted S Ways & Means Committee Journal page:
Effective Date:August 28, 2000
Full Bill Text | All Actions | Available Summaries | Senate Home Page | List of 2000 Senate Bills
Current Bill Summary

SB 623 - This act authorizes a tax credit to certain business firms who donate high technology equipment to school districts or who donate certain property to school district libraries. The tax credit will be 50% of the donation not to exceed $10,000. Donations to certain high-risk student school districts will receive a credit of 75% of the donation not to exceed $10,000. Any credit which exceeds the taxpayer's liability will be refunded to the taxpayer or carried over to future tax years.

This act is similar to SB 389 from 1999.