SB 0509 Authorizes state income tax deduction for contributions of qualified commodities to charitable organizations
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:
Effective Date:August 28, 1999
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Current Bill Summary

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.