Print Friendly HOUSE BILL NO. 430, As Amended – State library, donation, tx credit
HOUSE BILL NO. 430, As Amended
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H0430aa......................................................by MR. SPEAKER
Requested by: Idaho State Library
STATE LIBRARY - DONATIONS - Amends existing law to include the Idaho State
Library among those entities for which an income tax credit for donations
to charitable institutions is available.
01/12 House intro - 1st rdg - to printing
01/12 Rpt prt - to Rev/Tax
02/02 Rpt out - to Gen Ord
02/04 Rpt out amen - to engros
02/05 Rpt engros - 1st rdg - to 2nd rdg as amen
02/06 2nd rdg - to 3rd rdg as amen
02/11 3rd rdg as amen - PASSED - 66-0-4
AYES -- Alltus, Barraclough, Barrett, Bell, Bieter, Bivens,
Black(15), Black(23), Boe, Bruneel, Callister, Campbell, Chase,
Clark, Crane, Crow, Cuddy, Deal, Denney, Ellsworth, Field(13),
Field(20), Gagner, Geddes, Gould, Hadley, Hansen, Henbest, Hornbeck,
Jaquet, Jones(9), Jones(22), Jones(20), Judd, Kellogg, Kempton,
Kendell, Kjellander, Kunz, Lake, Linford, Loertscher, Mader, Marley,
McKague, Meyer, Miller, Mortensen, Newcomb, Pischner, Reynolds,
Richman, Ridinger, Robison, Sali, Schaefer, Stevenson, Stoicheff,
Stone, Stubbs, Taylor, Tilman, Tippets, Watson, Wheeler, Mr Speaker
NAYS -- None
Absent and excused -- Pomeroy, Trail, Wood, Zimmermann
Floor Sponsor - Bruneel
Title apvd - to Senate
02/12 Senate intro - 1st rdg as amen - to Loc Gov
02/17 Rpt out - rec d/p - to 2nd rdg as amen
02/18 2nd rdg - to 3rd rdg as amen
03/10 3rd rdg as amen - PASSED - 34-0-1
AYES--Andreason, Boatright, Branch, Bunderson, Burtenshaw, Cameron,
Crow, Danielson, Darrington, Deide, Dunklin, Frasure, Geddes, Hansen,
Hawkins, Ingram, Ipsen, Keough, King, Lee, McLaughlin, Noh, Parry,
Richardson, Riggs, Risch, Sandy, Schroeder, Stennett, Sweeney,
Thorne, Twiggs, Wheeler, Whitworth
Absent and excused--Sorensen
Floor Sponsor - McLaughlin
Title apvd - to House
03/11 To enrol
03/12 Rpt enrol - Sp signed
03/13 Pres signed
03/16 To Governor
03/17 Governor signed
Session Law Chapter 59
|||| LEGISLATURE OF THE STATE OF IDAHO ||||
Fifty-fourth Legislature Second Regular Session - 1998
IN THE HOUSE OF REPRESENTATIVES
HOUSE BILL NO. 430, As Amended
BY MR. SPEAKER
Requested by: Idaho State Library
1 AN ACT
2 RELATING TO INCOME TAX; AMENDING SECTION 63-3029A, IDAHO CODE, TO INCLUDE THE
3 IDAHO STATE LIBRARY AMONG THOSE ENTITIES FOR WHICH AN INCOME TAX CREDIT
4 FOR CHARITABLE INSTITUTIONS IS AVAILABLE; AND DECLARING AN EMERGENCY.
5 Be It Enacted by the Legislature of the State of Idaho:
6 SECTION 1. That Section 63-3029A, Idaho Code, be, and the same is hereby
7 amended to read as follows:
8 63-3029A. INCOME TAX CREDIT FOR CHARITABLE CONTRIBUTIONS -- LIMITATION.
9 At the election of the taxpayer, there shall be allowed, subject to the appli-
10 cable limitations provided herein, as a credit against the income tax imposed
11 by chapter 30, title 63, Idaho Code, an amount equal to fifty percent (50%) of
12 the aggregate amount of charitable contributions made by such taxpayer during
13 the year to a nonprofit corporation, fund, foundation, trust, or association
14 organized and operated exclusively for the benefit of institutions of higher
15 learning located within the state of Idaho, to nonprofit private or public
16 institutions of elementary, secondary, or higher education or their founda-
17 tions located within the state of Idaho, to Idaho education public broadcast
18 system foundations within the state of Idaho, to the Idaho state historical
19 society or its foundation, to the Idaho state library, and to
20 public libraries or their foundations and library districts or their founda-
21 tions located within the state of Idaho, and to nonprofit public or private
22 museums or their foundations located within the state of Idaho.
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 fifty dollars ($50.00), which-
27 ever 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 For the purposes of this section, "institution of higher learning" means
34 only an educational institution located within this state meeting all of the
35 following requirements:
36 (a) It maintains a regular faculty and curriculum and has a regularly
37 enrolled body of students in attendance at the place where its educational
38 activities are carried on.
39 (b) It regularly offers education above the twelfth grade.
40 (c) It is accredited by the Northwest Association of Schools and Col-
41 leges, or by the state board of education.
42 For the purposes of this section, a nonprofit institution of secondary or
43 higher education means a private nonprofit secondary or higher educational
1 institution located within the state of Idaho, which is accredited by the
2 Northwest Association of Schools and Colleges, or by the state board of educa-
3 tion. A nonprofit private institution of elementary education means a private
4 nonprofit elementary educational institution located within the state of Idaho
5 and approved by the state board of education.
6 SECTION 2. An emergency existing therefor, which emergency is hereby
7 declared to exist, this act shall be in full force and effect on and after its
8 passage and approval.
STATEMENT OF PURPOSE
The purpose of this legislation is to include the Idaho State Library among those entities
for which an income tax credit is available for charitable contributions.
Negligible. The State Library receives less than $3,000 in charitable contributions
annually. It is anticipated that any increase in this amount would be new funds, not shifts
in prior giving for which tax credits have been given.
Name: Charles Bolles, State Librarian
Agency: Idaho State Library
Phone: 334-21 50
Statement of Purpose/Fiscal Impact