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2011 SESSION

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HB 1547 Income tax, state; nonprofit charitable donations for Energy Star qualified products tax credit.

Introduced by: Kaye Kory | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Income tax; nonprofit charitable donations for Energy Star qualified products tax credit. Grants an income tax credit for taxable years beginning on or after January 1, 2012, to individual taxpayers and business taxpayers that make a cash donation to charitable nonprofit organizations that use the donation to construct, purchase, or lease Energy Star qualified products for their headquarters on or after January 1, 2012. The amount of the credit equals 50 percent of such equipment expenditures but not more than $25,000 total.


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