SB 1134 - Brown, Dan
Creates a tax credit for charitable donations to Love INC
Bill Details
Sponsor
LR Number
6726S.01I
Title
SB 1134
House Handler
N/A
Journal Page
Effective Date
August 28, 2016
Current Status
Second Read and Referred S Jobs, Economic Development and Local Government Committee
Quick Links
Amendments
No amendments available
CURRENT BILL SUMMARY
SB 1134 - This act creates a tax credit for all tax years beginning after January 1, 2017 for an amount equal to fifty percent of the taxpayer's contributions 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. Credits under this section are non-transferrable.
This section shall expire after 6 years unless reauthorized by an act of the General Assembly.
This act is identical to HB 2612 (2016).
DOMENIC SITA