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1999 SESSION

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HB 2749 Income tax; credit for political contributions.

Introduced by: James H. Dillard II | all patrons    ...    notes | add to my profiles | history

SUMMARY AS PASSED:

Income tax; credit for political contributions. Establishes a tax credit for individuals who make contributions to candidates for state or local political office equal to 50 percent of the amount of the contribution, subject to a $25 limit for individuals and a $50 limit for married taxpayers filing jointly. The credit will be effective for taxable years beginning on and after January 1, 2000.

SUMMARY AS INTRODUCED:

Income tax; credit for political contributions. Grants a tax credit to individuals who make contributions to candidates for state or local political office of 50 percent of the amount of the contribution, subject to a $25 limit for individuals and a $50 limit for married taxpayers filing jointly. The credit will be effective for taxable years beginning on and after January 1, 2000.