2019 Senate Bill 55

Give income tax credit for certain contributions

Introduced in the Senate

Jan. 23, 2019

Introduced by Sen. Jim Runestad (R-15)

To authorize a $100 state income tax credit, $200 for joint returns and higher amounts for estates and trusts, for contributions to certain nonprofit “community foundations” defined in the bill, which among other requirement includes performing functions that promote a governmental purpose of alleviate government burdens or responsibilities. The bill would also authorize a $100 state income tax credit, $200 for joint returns and higher amounts for estates and trusts, for contributions to homeless shelters, charitable meal providers, food banks, and others.

Referred to the Committee on Finance