SB 958 - Koenig, Andrew
Modifies provisions relating to the domestic violence shelter tax credit
Bill Details
Sponsor
LR Number
5202S.01I
Title
SB 958
House Handler
N/A
Journal Page
N/A
Effective Date
August 28, 2020
Committee
Current Status
Hearing Conducted S Economic Development Committee
Quick Links
Amendments
No amendments available
CURRENT BILL SUMMARY
SB 958 - Current law allows for a tax credit for contributions to domestic violence shelters. This act modifies the definition of "shelter for victims of domestic violence" to include nonprofit organizations established and operating exclusively for the purpose of supporting a shelter for victims of domestic violence operated by the state or one of its political subdivisions.
This act also increases the maximum amount of tax credits that may be claimed in any one fiscal year from $2 million per year to $3 million per year for all fiscal years beginning on or after July 1, 2021.
This act is substantially similar to HCS/HB 2349 (2020) and to a provision contained in HCS/SCS/SB 616 (2020), SS#2/SCS/SB 648 (2020), and HCS/SS#2/SB 704 (2020).
JOSH NORBERG