SB 179
Creates a tax credit for contributions to certain charitable organizations
LR Number:
Last Action:
1/11/2017 - Second Read and Referred S Economic Development Committee
Journal Page:
Calendar Position:
Effective Date:
August 28, 2017

Current Bill Summary

SB 179 - For all tax years beginning after January 1, 2018, this act creates a tax credit in an amount equal to fifty percent of a taxpayer's contribution to Love INC. The tax credit shall not be excess of $5,000. The tax credit may be carried forward over the next 3 years until fully claimed is non-transferrable.

This act shall sunset after 6 years unless reauthorized by an act of the General Assembly.

This act is identical to HB 812 (2017), HB 2612 (2016), and SB 1134 (2016).