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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 - 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
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