| SB 0847 | Tax Law Changes/Tax Credit-Maternity Homes/Domestic Violence |
| Sponsor: | HOUSE | ||
| LR Number: | S3176.01I | Fiscal Note: | 3176-01 |
| Committee: | Ways and Means | ||
| Last Action: | 02/29/96 - Bill Combined w/SCS SBs 752, 789, 843 & 847 | ||
| Title: | SCS SBs 752, 789, 843 & 847 | ||
| Effective Date: | Varies | ||
SB 847 - This act would make several technical changes to tax statutes and enact two new sections.
Section 1 grants taxpayers a tax credit for 50% of the amount donated to domestic violence shelters. Section 2 grants a tax credit for 50% of the amount donated to maternity homes. In order to receive either credit, at least $250 must be donated and the maximum credit is $50,000. The credit may only be used up to the amount of the taxpayer's tax liability, but may be carried forward for four years. The aggregate maximum amount of the credits allowed in a fiscal year is $4 million, $2 million under each section.
This act contains provisions also contained in SB 752.
TOM CRAWFORD