SCS/HB 548 - Current law authorizes a state income tax credit equal to fifty percent of cash contributions to qualified maternity homes and to shelters for victims of domestic violence. This act allows the credit to be taken for contributions of stocks, bonds and other marketable securities, or real property. Maternity homes and shelters for victims of domestic violence are permitted to decline any contribution. This provision is also contained in SB 159.

The act also excludes from the definition of food, for purposes of the reduced sales tax rate, food or drink where the gross receipts of selling that food constitutes more than eighty percent of the total gross receipts of that establishment. Food sold in establishments in which the gross receipts from food is under eighty percent, and food sold in vending machines, would be subject to the lower sales tax rate. This provision is also contained in SB 192.
RUSS HEMBREE