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House Bill 1206


House Bill 1206

ARCHIVE (2007)

Latest Information

DIGEST OF INTRODUCED BILL


Donations to community foundations. Allows an adjusted gross income tax credit for a donation made by the taxpayer to a community foundation. Provides that the credit is 50% of the contribution. Provides that, in the case of an individual, the credit may not exceed $100 for a single return or $200 for a joint return. Provides that, in the case of a corporation, the credit may not exceed the lesser of $1,000 or 10% of a corporation's adjusted gross income tax.
Current Status:
In Committee - first House
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