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H0731...............................................by REVENUE AND TAXATION INCOME TAX CREDIT - Amends existing law to provide an income tax credit for charitable contributions made to Idaho Drug Free Youth Inc. or its foundation. 02/24 House intro - 1st rdg - to printing 02/27 Rpt prt - to Rev/Tax 03/10 Rpt out - rec d/p - to 2nd rdg 03/13 2nd rdg - to 3rd rdg 03/15 3rd rdg - PASSED - 64-0-6 AYES -- Anderson, Andrus, Barraclough, Barrett, Bastian, Bayer, Bedke, Bell, Bilbao, Black, Block, Boe, Bolz, Brackett, Bradford, Cannon, Chadderdon, Clark, Collins, Deal, Denney, Edmunson, Eskridge, Field(23), Garrett, Hart, Harwood, Henbest, Henderson, Jaquet, Kemp, Lake, LeFavour, Loertscher, Martinez, Mathews, McGeachin, McKague, Miller, Mitchell, Moyle, Nielsen, Nonini, Pasley-Stuart, Pence, Raybould, Ring, Ringo, Rusche, Rydalch, Sayler, Schaefer, Shepherd(2), Shepherd(8), Shirley, Skippen, Smith(30), Smylie, Snodgrass, Stevenson, Trail, Wills, Wood, Mr. Speaker NAYS -- None Absent and excused -- Crow, Ellsworth, Field(18), Roberts, Sali, Smith(24) Floor Sponsor - Hart Title apvd - to Senate 03/16 Senate intro - 1st rdg - to Loc Gov 03/23 Rpt out - rec d/p - to 2nd rdg 03/24 2nd rdg - to 3rd rdg 03/28 3rd rdg - PASSED - 29-5-1 AYES -- Andreason, Brandt, Broadsword, Burkett(Clark), Burtenshaw, Coiner, Compton, Corder, Darrington, Davis, Fulcher, Gannon, Geddes, Goedde, Hill, Jorgenson, Kelly, Keough, Langhorst, Lodge, Malepeai, Marley, McGee, McKenzie, Pearce, Richardson, Schroeder, Stennett, Williams NAYS -- Bunderson, Cameron, Little, Stegner, Werk Absent and excused -- Sweet Floor Sponsor - Jorgenson Title apvd - to House 03/29 To enrol 03/30 Rpt enrol - Sp signed 03/31 Pres signed - To Governor 03/31 Governor signed Session Law Chapter 309 Effective: 07/01/06
]]]] LEGISLATURE OF THE STATE OF IDAHO ]]]] Fifty-eighth Legislature Second Regular Session - 2006IN THE HOUSE OF REPRESENTATIVES HOUSE BILL NO. 731 BY REVENUE AND TAXATION COMMITTEE 1 AN ACT 2 RELATING TO INCOME TAX CREDITS FOR CHARITABLE CONTRIBUTIONS; AMENDING SECTION 3 63-3029C, IDAHO CODE, TO PROVIDE AN INCOME TAX CREDIT FOR CHARITABLE CON- 4 TRIBUTIONS MADE TO IDAHO DRUG FREE YOUTH, INC. OR ITS FOUNDATION. 5 Be It Enacted by the Legislature of the State of Idaho: 6 SECTION 1. That Section 63-3029C, Idaho Code, be, and the same is hereby 7 amended to read as follows: 8 63-3029C. INCOME TAX CREDIT FOR CERTAIN CHARITABLE CONTRIBUTIONS -- LIMI- 9 TATION. At the election of the taxpayer, there shall be allowed, subject to 10 the applicable limitations provided herein, as a credit against the income tax 11 imposed by chapter 30, title 63, Idaho Code, an amount equal to fifty percent 12 (50%) of the aggregate amount of charitable contributions made by such tax- 13 payer during the year to the anchor house or its foundation, to the children's 14 home society of Idaho, inc., to the Idaho youth ranch or its foundation, to 15 kinderhaven or its foundation, to the women's and children's alliance or its 16 foundation, to children's village, inc. or its foundation, to Idaho drug free 17 youth, inc. or its foundation, to gem youth services or its foundation, to the 18 hope house, inc. or its foundation, to the north Idaho children's home or its 19 foundation, to a center for independent living located within the state of 20 Idaho, to a nonprofit substance abuse center licensed by the department of 21 health and welfare, or to a nonprofit rehabilitation facility located within 22 the state of Idaho or its foundation. 23 (1) In the case of a taxpayer other than a corporation, the amount allow- 24 able as a credit under this section for any taxable year shall not exceed 25 twenty percent (20%) of such taxpayer's total income tax liability imposed by 26 section 63-3024, Idaho Code, for the year, or one hundred dollars ($100), 27 whichever is less. 28 (2) In the case of a corporation, the amount allowable as a credit under 29 this section for any taxable year shall not exceed ten percent (10%) of such 30 corporation's total income or franchise tax liability imposed by sections 31 63-3025 and 63-3025A, Idaho Code, for the year, or five hundred dollars 32 ($500), whichever is less. 33 (3) For the purposes of this section, "center for independent living" 34 shall mean a private, nonprofit, nonresidential organization in which at least 35 fifty-one percent (51%) of the principal governing board, management and staff 36 are individuals with disabilities and that: 37 (a) Is designed and operated within a local community by individuals with 38 disabilities; 39 (b) Provides an array of independent living services and programs; and 40 (c) Is cross-disability. 41 (4) For the purposes of this section, "nonprofit rehabilitation facility" 42 means only a facility that is accredited by the commission on accreditation of 43 rehabilitation facilities or another accreditation organization recognized by 2 1 the state of Idaho.
STATEMENT OF PURPOSE RS 15973 The purpose of this legislation is to create an income tax credit for contributions to the Idaho Drug Free Youth organization. Idaho Drug Free Youth is the only organization in the state of Idaho that offers preventative counseling and programs to prevent drug addiction and drug use to Idaho youth before they ever use drugs. The organization is a nonprofit 501 (c) 3 organization. FISCAL NOTE Based on the donations of 2005 there will be a reduction in income tax revenues to the state of approximately $1,800. Contact Name: Representative Phil Hart Phone: 332-1000 Representative Jim Clark STATEMENT OF PURPOSE/FISCAL NOTE H 731