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.