1999 Legislation
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SENATE BILL NO. 1106 – Income tax credit, Hope House

SENATE BILL NO. 1106

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Daily Data Tracking History



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

Bill Text


S1106


                                                                        
 ||||              LEGISLATURE OF THE STATE OF IDAHO             ||||
Fifty-fifth Legislature                 First Regular Session - 1999
                                                                        

                                      IN 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 / Fiscal Impact


                      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