2006 Legislation
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HOUSE BILL NO. 685 – Income tax credit, Learning Lab

HOUSE BILL NO. 685

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Bill Status



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

Bill Text


                                                                        
                                                                        
  ]]]]              LEGISLATURE OF THE STATE OF IDAHO             ]]]]
 Fifty-eighth Legislature                   Second Regular Session - 2006
                                                                        
                                                                        
                              IN 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 / Fiscal Impact


                       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