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S1106......................................by LOCAL GOVERNMENT AND TAXATION
INCOME TAX - CREDITS - Amends existing law to add the Hope House, Inc., or
its foundation, as a qualifying entity for contributions that qualify for a
state income tax credit.
02/04 Senate intro - 1st rdg - to printing
02/05 Rpt prt - to Loc Gov
02/11 Rpt out - rec d/p - to 2nd rdg
02/12 2nd rdg - to 3rd rdg
02/15 3rd rdg - PASSED - 28-0-7
AYES--Andreason, Boatright, Branch, Bunderson, Burtenshaw, Cameron,
Crow, Darrington, Davis, Deide, Dunklin, Frasure, Geddes, Hawkins,
Keough, Lee, McLaughlin, Richardson, Riggs, Risch, Sandy, Schroeder,
Sorensen, Stegner, Thorne, Twiggs, Wheeler, Whitworth
NAYS--None
Absent and excused--Danielson, Ingram, Ipsen, King, Noh, Parry,
Stennett
Floor Sponsor - Thorne
Title apvd - to House
02/16 House intro - 1st rdg - to Rev/Tax
S1106|||| LEGISLATURE OF THE STATE OF IDAHO |||| Fifty-fifth Legislature First Regular Session - 1999IN THE SENATE SENATE BILL NO. 1106 BY LOCAL GOVERNMENT AND TAXATION COMMITTEE 1 AN ACT 2 RELATING TO INCOME TAX CREDITS; AMENDING SECTION 63-3029C, IDAHO CODE, TO ADD 3 THE HOPE HOUSE, INC. OR ITS FOUNDATION AS A QUALIFYING ENTITY FOR CONTRI- 4 BUTIONS THAT QUALIFY FOR A STATE INCOME TAX CREDIT; DECLARING AN EMERGENCY 5 AND PROVIDING RETROACTIVE APPLICATION. 6 Be It Enacted by the Legislature of the State of Idaho: 7 SECTION 1. That Section 63-3029C, Idaho Code, be, and the same is hereby 8 amended to read as follows: 9 63-3029C. INCOME TAX CREDIT FOR REHABILITATION FACILITIES -- LIMITATION. 10 At the election of the taxpayer, there shall be allowed, subject to the appli- 11 cable limitations provided herein, as a credit against the income tax imposed 12 by chapter 30, title 63, Idaho Code, an amount equal to fifty percent (50%) of 13 the aggregate amount of charitable contributions made by such taxpayer during 14 the year to the anchor house or its foundation, to the children's home society 15 of Idaho, inc., to the Idaho youth ranch or its foundation, to the north Idaho 16 children's home or its foundation, to the hope house, inc. or its foun- 17 dation, to a center for independent living located within the state of 18 Idaho, or to a nonprofit rehabilitation facility located within the state of 19 Idaho or its foundation. 20 (1) In the case of a taxpayer other than a corporation, the amount allow- 21 able as a credit under this section for any taxable year shall not exceed 22 twenty percent (20%) of such taxpayer's total income tax liability imposed by 23 section 63-3024, Idaho Code, for the year, or one hundred dollars ($100), 24 whichever is less. 25 (2) In the case of a corporation, the amount allowable as a credit under 26 this section for any taxable year shall not exceed ten percent (10%) of such 27 corporation's total income or franchise tax liability imposed by sections 28 63-3025 and 63-3025A, Idaho Code, for the year, or five hundred dollars 29 ($500), whichever is less. 30 (3) For the purposes of this section, "center for independent living" 31 shall mean a private, nonprofit, nonresidential organization in which at least 32 fifty-one percent (51%) of the principal governing board, management and staff 33 are individuals with disabilities and that: 34 (a) Is designed and operated within a local community by individuals with 35 disabilities; 36 (b) Provides an array of independent living services and programs; and 37 (c) Is cross-disability. 38 (4) For the purposes of this section, "nonprofit rehabilitation facility" 39 means only a facility that is accredited by the commission on accreditation of 40 rehabilitation facilities. 41 SECTION 2. An emergency existing therefor, which emergency is hereby 42 declared to exist, this act shall be in full force and effect on and after its 2 1 passage and approval, and retroactively to January 1, 1999.
STATEMENT OF PURPOSE
RS08804
This legislation relates to income tax credits, and amends
section 63-3029C, Idaho Code. The purpose of this legislation
adds the Hope House, Inc. or its foundation as a qualifying
entity for contributions that qualify for a state income tax
credit; declaring an emergency and providing retroactive
application.
FISCAL NOTE
Based upon S325,000 in annual contributions, the maximum amount
of tax credit for contributions to Hope House would amount to
$162,500. The amount will actually be less than the maximum due
to the limitations placed upon the donor. The credit is limited
to 20% of tax liability or $100 on a single return, $200 on a
joint return. The credit also interplays with all other
contributions to the rehabilitation facilities which are listed
in the statute. The more probable fiscal impact would be
$100,000 to $125,000
CONTACT: Senator Thorne
332-1323
STATEMENT OF PURPOSE/ FISCAL NOTE S1106