View Bill Status
View Bill Text
View Statement of Purpose / Fiscal Impact
H0685...............................................by REVENUE AND TAXATION INCOME TAX CREDITS - Amends existing law to provide for an income tax credit for charitable contributions made to the Learning Lab, Inc., or its foundation. 02/14 House intro - 1st rdg - to printing 02/15 Rpt prt - to Rev/Tax 02/20 Rpt out - rec d/p - to 2nd rdg 02/21 2nd rdg - to 3rd rdg 02/24 3rd rdg - PASSED - 67-0-3 AYES -- Anderson, Andrus, Barraclough, Barrett, Bastian, Bayer, Bedke, Bell, Bilbao, Black, Block, Bolz, Brackett, Bradford, Cannon, Chadderdon, Clark, Collins, Crow, Deal, Edmunson, Ellsworth, Eskridge, Field(18), 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, Roberts, Rusche, Rydalch, Sayler, Schaefer, Shepherd(2), Shepherd(8), Shirley, Skippen, Smith(30), Smith(24), Smylie(Luker), Snodgrass, Stevenson, Trail, Wills, Wood, Mr. Speaker NAYS -- None Absent and excused -- Boe, Denney, Sali Floor Sponsor - Raybould Title apvd - to Senate 02/27 Senate intro - 1st rdg - to Loc Gov 03/03 Rpt out - rec d/p - to 2nd rdg 03/06 2nd rdg - to 3rd rdg 03/08 3rd rdg - PASSED - 31-2-2 AYES -- Andreason(Hatch), Brandt, Broadsword, Bunderson, Burkett, Burtenshaw, Cameron, Coiner, Compton, Corder, Darrington, Davis, Fulcher, Gannon, Geddes, Goedde, Hill, Jorgenson, Kelly, Keough, Langhorst, Lodge, Malepeai, Marley, McGee, McKenzie, Pearce, Richardson, Schroeder, Sweet, Williams NAYS -- Little, Stegner Absent and excused -- Stennett, Werk Floor Sponsor - McKenzie Title apvd - to House 03/09 To enrol 03/10 Rpt enrol - Sp signed 03/13 Pres signed 03/14 To Governor 03/15 Governor signed Session Law Chapter 69 Effective: 01/01/06
]]]] LEGISLATURE OF THE STATE OF IDAHO ]]]] Fifty-eighth Legislature Second Regular Session - 2006IN THE HOUSE OF REPRESENTATIVES HOUSE BILL NO. 685 BY REVENUE AND TAXATION COMMITTEE 1 AN ACT 2 RELATING TO INCOME TAXATION; AMENDING SECTION 63-3029C, IDAHO CODE, TO PROVIDE 3 FOR AN INCOME TAX CREDIT FOR CHARITABLE CONTRIBUTIONS MADE TO THE LEARNING 4 LAB, INC., OR ITS FOUNDATION; DECLARING AN EMERGENCY AND PROVIDING A RET- 5 ROACTIVE EFFECTIVE DATE. 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 CERTAIN CHARITABLE CONTRIBUTIONS -- LIMI- 10 TATION. At the election of the taxpayer, there shall be allowed, subject to 11 the applicable limitations provided herein, as a credit against the income tax 12 imposed by chapter 30, title 63, Idaho Code, an amount equal to fifty percent 13 (50%) of the aggregate amount of charitable contributions made by such tax- 14 payer during the year to the anchor house or its foundation, to the children's 15 home society of Idaho, inc., to the Idaho youth ranch or its foundation, to 16 kinderhaven or its foundation, to the women's and children's alliance or its 17 foundation, to children's village, inc. or its foundation, to gem youth ser- 18 vices or its foundation, to the hope house, inc. or its foundation, to the 19 north Idaho children's home or its foundation, to the learning lab, inc. or 20 its foundation, to a center for independent living located within the state of 21 Idaho, to a nonprofit substance abuse center licensed by the department of 22 health and welfare, or to a nonprofit rehabilitation facility located within 23 the state of Idaho or its foundation. 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 one hundred dollars ($100), 28 whichever 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 (3) For the purposes of this section, "center for independent living" 35 shall mean a private, nonprofit, nonresidential organization in which at least 36 fifty-one percent (51%) of the principal governing board, management and staff 37 are individuals with disabilities and that: 38 (a) Is designed and operated within a local community by individuals with 39 disabilities; 40 (b) Provides an array of independent living services and programs; and 41 (c) Is cross-disability. 42 (4) For the purposes of this section, "nonprofit rehabilitation facility" 43 means only a facility that is accredited by the commission on accreditation of 2 1 rehabilitation facilities or another accreditation organization recognized by 2 the state of Idaho. 3 SECTION 2. An emergency existing therefor, which emergency is hereby 4 declared to exist, this act shall be in full force and effect on and after its 5 passage and approval, and retroactively to January 1, 2006.
STATEMENT OF PURPOSE RS 15841 The purpose of this legislation is to add a credit for contributions to the Learning Lab, Inc. on Idaho Income Tax Forms. The Learning Lab is a nonprofit (501(c)3) organization that provides crucial educational intervention to functionally illiterate and under-educated adults and their birth to 5 year old children, helping them break the cycle of illiteracy and become self-sufficient. FISCAL NOTE Based on cash and in-kind donations received for fiscal year 2004-2005 (6/1/04 - 5/31/05), the fiscal impact estimated from this addition is $28,350.00. Contact Name: Allyn Dingel Phone: 343-5454 H 685