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H0080aaS...........................................................by CLARK
INCOME TAX CREDIT - EDUCATION - Amends existing law to specify that a
contribution to university-related research parks is a contribution to
educational purposes.
01/19 House intro - 1st rdg - to printing
01/20 Rpt prt - to Rev/Tax
02/09 Rpt out - rec d/p - to 2nd rdg
02/10 2nd rdg - to 3rd rdg
02/11 3rd rdg - PASSED - 45-23-2
AYES -- Alltus, Barrett, Black, Bruneel, Callister, Campbell, Clark,
Cuddy, Denney, Ellsworth, Field(13), Field(20), Gagner, Gould,
Hadley, Hammond, Hansen(23), Hansen(29), Hornbeck, Kellogg,
Kjellander, Kunz, Lake, Linford, Loertscher, Mader, McKague, Meyer,
Montgomery, Moyle, Pischner, Ridinger, Sali, Schaefer, Smith,
Stevenson, Stone, Taylor, Tilman, Tippets, Trail, Wheeler, Williams,
Wood, Zimmermann
NAYS -- Barraclough, Bell, Bieter, Boe, Chase, Crow, Deal, Geddes,
Henbest, Jaquet, Jones, Judd, Kempton, Kendell, Limbaugh, Marley,
Pomeroy, Reynolds, Ringo, Robison, Sellman, Stoicheff, Watson
Absent and excused -- Mortensen, Mr Speaker
Floor Sponsor - Clark
Title apvd - to Senate
02/12 Senate intro - 1st rdg - to Loc Gov
03/09 Rpt out - to 14th Ord
Rpt out amen - to 1st rdg as amen
03/10 1st rdg - to 2nd rdg as amen
03/11 2nd rdg - to 3rd rdg as amen
03/12 3rd rdg as amen - PASSED - 30-1-4
AYES--Andreason, Boatright, Bunderson, Burtenshaw, Cameron, Crow,
Danielson, Darrington, Davis, Frasure, Geddes, Hawkins, Ingram,
Ipsen, Keough, King, Lee, McLaughlin, Noh, Richardson, Riggs, Risch,
Sandy, Schroeder, Sorensen, Stennett, Thorne, Twiggs, Wheeler,
Whitworth
NAYS--Deide
Absent and excused--Branch, Dunklin, Parry, Stegner
Floor Sponsor - Thorne
Title apvd - to House
03/15 House concurred in Senate amens - to engros
03/16 Rpt engros - 1st rdg - to 2nd rdg as amen
03/17 2nd rdg - to 3rd rdg as amen
Rules susp - PASSED - 66-0-4
AYES -- Alltus, Barraclough, Barrett, Bell, Bieter, Black, Boe,
Bruneel, Callister, Campbell, Chase, Clark, Crow, Cuddy, Deal,
Denney, Ellsworth, Field(13), Field(20), Gagner, Geddes, Gould,
Hadley, Hammond, Hansen(23), Hansen(29), Henbest, Hornbeck, Jaquet,
Jones, Judd, Kellogg, Kempton, Kendell, Kunz, Lake, Limbaugh,
Linford, Mader, Marley, McKague, Meyer(Duncan), Mortensen, Moyle,
Pischner, Pomeroy, Reynolds, Ridinger, Ringo, Robison, Sali,
Schaefer, Sellman, Smith, Smylie, Stevenson, Stoicheff, Stone,
Taylor, Tilman, Trail, Wheeler, Williams, Wood, Zimmermann,
Mr Speaker
NAYS -- None
Absent and excused -- Loertscher, Montgomery, Tippets, Watson
Floor Sponsor - Clark
Title apvd - to enrol
03/18 Rpt enrol - Sp signed - Pres signed
03/19 To Governor
03/25 Governor signed
Session Law Chapter 361
Effective: 07/01/99
H0080|||| LEGISLATURE OF THE STATE OF IDAHO |||| Fifty-fifth Legislature First Regular Session - 1999IN THE HOUSE OF REPRESENTATIVES HOUSE BILL NO. 80, As Amended in the Senate BY CLARK 1 AN ACT 2 RELATING TO INCOME TAXES; AMENDING SECTION 63-3029A, IDAHO CODE, TO SPECIFY 3 ELIGIBILITY FOR INCOME TAX CREDIT AS A CHARITABLE CONTRIBUTION FOR EDUCA- 4 TIONAL PURPOSES FOR UNIVERSITY RELATED RESEARCH PARKS. 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, including a university 16 related research park, to nonprofit private or public institutions of 17 elementary, secondary, or higher education or their foundations located within 18 the state of Idaho, to Idaho education public broadcast system foundations 19 within the state of Idaho, to the Idaho state historical society or its foun- 20 dation, to the Idaho state library, and to public libraries or their founda- 21 tions and library districts or their foundations located within the state of 22 Idaho, and to nonprofit public or private museums or their foundations located 23 within the state of Idaho. 24 1. In the case of a taxpayer other than a corporation, the amount allow- 25 able as a credit under this section for any taxable year shall not exceed 26 twenty percent (20%) of such taxpayer's total income tax liability imposed by 27 section 63-3024, Idaho Code, for the year, or fifty dollars ($50.00), which- 28 ever is less. 29 2. In the case of a corporation, the amount allowable as a credit under 30 this section for any taxable year shall not exceed ten percent (10%) of such 31 corporation's total income or franchise tax liability imposed by sections 32 63-3025 and 63-3025A, Idaho Code, for the year, or five hundred dollars 33 ($500), whichever is less. 34 For the purposes of this section, "institution of higher learning" means 35 only an educational institution located within this state meeting all of the 36 following requirements: 37 (a) It maintains a regular faculty and curriculum and has a regularly 38 enrolled body of students in attendance at the place where its educational 39 activities are carried on. 40 (b) It regularly offers education above the twelfth grade. 41 (c) It is accredited by the Northwest Association of Schools and Col- 42 leges, or by the state board of education. 43 For the purposes of this section, a nonprofit institution of secondary or 2 1 higher education means a private nonprofit secondary or higher educational 2 institution located within the state of Idaho, which is accredited by the 3 Northwest Association of Schools and Colleges, or by the state board of educa- 4 tion. A nonprofit private institution of elementary education means a private 5 nonprofit elementary educational institution located within the state of Idaho 6 and approved by the state board of education.
AH0080|||| LEGISLATURE OF THE STATE OF IDAHO |||| Fifty-fifth Legislature First Regular Session - 1999Moved by Thorne Seconded by Schroeder IN THE SENATE SENATE AMENDMENT TO H.B. NO. 80 1 AMENDMENTS TO SECTION 1 2 On page 1 of the printed bill, in line 29, delete "fifty3 one hundred " and insert: "fifty"; in line 30, delete "50.41 " and insert: "50."; in line 34, delete "five hun-5dredone thousand " and insert: "five hundred"; and in line 6 35, delete "51,0 " and insert: "5". 7 CORRECTIONS TO TITLE 8 On page 1, in line 4, delete "AND TO INCREASE THE" and delete lines 5 and 9 6 and insert: ".".
STATEMENT OF PURPOSE
RS 08511
This legislation will double the amount allowable as an income tax
credit from charitable contributions to primary and secondary
education, libraries, public television, and university related
research parks, and foundations for the benefit of education.
FISCAL NOTE
For the 1997 tax year 35,061 used section 63-3029A for a cost of
$2,104,541 and 298 businesses used section 63-3030A for a cost of
$55,661.15. The impact of doubling the tax credit would put the cost
per return at $120.04 and $373.56 respectively. The estimated cost of
this legislation is $2 million.
CONTACT: Rep. Jim Clark
Phone: 332-1000
STATEMENT OF PURFOSE/ FISCAL NOTE Bill No. H 80