SCS/SBs 638 & 647 - Currently, taxpayers that make donations to a pregnancy resource center may be eligible for an income tax credit. The amount of tax credits that may be issued in a fiscal year is limited to $2 million. This act raises the cap to $2.5 million, beginning with the 2015 fiscal year. This provision is identical to HB 1132 (2014). (135.630) Currently, taxpayers that make donations to food pantries may be eligible for an income tax credit. The amount of food pantry tax credits that may be issued in a fiscal year is limited to $1.25 million. This act raises the cap to $1.75 million, beginning with the 2015 fiscal year. (135.647) MIKE HAMMANN
|