House Bill 1392
Introduced House Bill (H)
DIGEST
Tax credit for literacy programs. Provides an income tax credit for charitable contributions to certain literacy programs. Provides that the credit is equal to 50% of the charitable contribution, but may not exceed: (1) $100 for a single individual return; (2) $200 for a joint return; or (3) the lesser of 10% of a corporation's adjusted gross income tax liability or $1,000 for a corporate return.
Tax credit for literacy programs. Provides an income tax credit for charitable contributions to certain literacy programs. Provides that the credit is equal to 50% of the charitable contribution, but may not exceed: (1) $100 for a single individual return; (2) $200 for a joint return; or (3) the lesser of 10% of a corporation's adjusted gross income tax liability or $1,000 for a corporate return.
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