View Bill Status
View Bill Text
View Statement of Purpose / Fiscal Impact
H0142...............................................by REVENUE AND TAXATION
INCOME TAX CREDIT - Amends existing law to provide an income tax credit for
charitable contributions made to the Lee Pesky Learning Center or its
foundation.
02/08 House intro - 1st rdg - to printing
02/09 Rpt prt - to Rev/Tax
02/13 Rpt out - rec d/p - to 2nd rdg
02/14 2nd rdg - to 3rd rdg
02/19 3rd rdg - PASSED - 65-4-1
AYES -- Anderson, Andrus, Bayer, Bedke, Bell, Bilbao, Black, Block,
Bock, Boe, Bolz, Brackett, Bradford, Chadderdon, Chavez, Chew, Clark,
Collins, Crane, Durst, Edmunson, Eskridge, Hagedorn, Hart, Harwood,
Henbest, Henderson, Jaquet, Killen, King, Kren, Labrador, Lake,
LeFavour, Loertscher, Marriott, Mathews, McGeachin, Moyle, Nielsen,
Nonini, Pasley-Stuart, Patrick, Pence, Raybould, Ring, Ringo, Ruchti,
Sayler, Schaefer, Shepherd(2), Shepherd(8), Shirley, Shively,
Smith(30), Smith(24), Snodgrass, Stevenson, Thayn, Trail, Vander
Woude, Wills, Wood(27), Wood(35), Mr. Speaker
NAYS -- Barrett, Luker, Mortimer, Rusche
Absent and excused -- Roberts
Floor Sponsor - Jaquet
Title apvd - to Senate
02/20 Senate intro - 1st rdg - to Loc Gov
]]]] LEGISLATURE OF THE STATE OF IDAHO ]]]]
Fifty-ninth Legislature First Regular Session - 2007
IN THE HOUSE OF REPRESENTATIVES
HOUSE BILL NO. 142
BY REVENUE AND TAXATION COMMITTEE
1 AN ACT
2 RELATING TO INCOME TAX CREDITS; AMENDING SECTION 63-3029C, IDAHO CODE, TO PRO-
3 VIDE AN INCOME TAX CREDIT FOR CHARITABLE CONTRIBUTIONS MADE TO THE LEE
4 PESKY LEARNING CENTER OR ITS FOUNDATION.
5 Be It Enacted by the Legislature of the State of Idaho:
6 SECTION 1. That Section 63-3029C, Idaho Code, be, and the same is hereby
7 amended to read as follows:
8 63-3029C. INCOME TAX CREDIT FOR CERTAIN CHARITABLE CONTRIBUTIONS -- LIMI-
9 TATION. At the election of the taxpayer, there shall be allowed, subject to
10 the applicable limitations provided herein, as a credit against the income tax
11 imposed by chapter 30, title 63, Idaho Code, an amount equal to fifty percent
12 (50%) of the aggregate amount of charitable contributions made by such tax-
13 payer during the year to the anchor house or its foundation, to the Lee Pesky
14 learning center or its foundation, to the children's home society of Idaho,
15 inc., to the Idaho youth ranch or its foundation, to kinderhaven or its foun-
16 dation, to the women's and children's alliance or its foundation, to
17 children's village, inc. or its foundation, to Idaho drug free youth, inc. or
18 its foundation, to gem youth services or its foundation, to the hope house,
19 inc. or its foundation, to the north Idaho children's home or its foundation,
20 to the shepherd's home, inc. or its foundation, to a project safe place
21 located within the state of Idaho, to the learning lab, inc. or its founda-
22 tion, to a center for independent living located within the state of Idaho, to
23 project P.A.T.C.H., planned assistance for troubled children, to a nonprofit
24 substance abuse center licensed by the department of health and welfare, or to
25 a nonprofit rehabilitation facility located within the state of Idaho or its
26 foundation.
27 (1) In the case of a taxpayer other than a corporation, the amount allow-
28 able as a credit under this section for any taxable year shall not exceed
29 twenty percent (20%) of such taxpayer's total income tax liability imposed by
30 section 63-3024, Idaho Code, for the year, or one hundred dollars ($100),
31 whichever is less.
32 (2) In the case of a corporation, the amount allowable as a credit under
33 this section for any taxable year shall not exceed ten percent (10%) of such
34 corporation's total income or franchise tax liability imposed by sections
35 63-3025 and 63-3025A, Idaho Code, for the year, or five hundred dollars
36 ($500), whichever is less.
37 (3) For the purposes of this section, "center for independent living"
38 shall mean a private, nonprofit, nonresidential organization in which at least
39 fifty-one percent (51%) of the principal governing board, management and staff
40 are individuals with disabilities and that:
41 (a) Is designed and operated within a local community by individuals with
42 disabilities;
43 (b) Provides an array of independent living services and programs; and
2
1 (c) Is cross-disability.
2 (4) For the purposes of this section, "nonprofit rehabilitation facility"
3 means only a facility that is accredited by the commission on accreditation of
4 rehabilitation facilities or another accreditation organization recognized by
5 the state of Idaho.
REPRINT REPRINT REPRINT REPRINT
STATEMENT OF PURPOSE
RS 16711
This legislation amends section 63-3029C of the Idaho Code to
include charitable donations to the Lee Pesky Learning Center or
the Pesky Foundation for an income tax credit.
FISCAL NOTE
Contributions to the Lee Pesky Center by Idahoans this last year
were $154,000. Individuals cannot have a credit above $100
against their income tax liability and corporations are capped at
$500.
Pesky Center contributions 2006 $154,000
150 Individuals at an average contribution of $825 x $100 each =
$15,000
28 Corporations at an average contribution of $1125 x $500 each =
$14,000
Estimated fiscal impact at approximately $29,000
Contact
Name: Rep Wendy Jaquet
Phone: 332-1130
STATEMENT OF PURPOSE/FISCAL NOTE H 142