HB 365 -- Income Tax Credit for Campaign Contributions

Sponsor:  Reid

This bill authorizes a resident individual income tax credit
equal to the lesser of $50 or 50% of a taxpayer's contribution
to the campaign of any federal, state, or local electoral
candidate or candidates.

If the credit exceeds the taxpayer's liability in any one tax
year, the excess will be refunded to the taxpayer or carried
forward to future tax years.