HB1787 Creates an income tax credit for cash donations to school districts for high technology equipment or librarians, or approved non-cash donations for high technology equipment.
Sponsor: Auer, Ron (59) Effective Date:00/00/0000
CoSponsor: May, Brian H. (108) LR Number: 3657L.02I
Last Action: 02/03/2000 - Referred: Ways and Means (H)
HB1787
Next Hearing:Hearing not scheduled
Calendar:Bill currently not on calendar
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Available Bill Summaries for HB1787 Copyright(c)
* Introduced

Available Bill Text for HB1787
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BILL SUMMARIES

INTRODUCED

HB 1787 -- Income Tax:  Gifts to Public Schools and Libraries

Co-Sponsors:  Auer, May (108), Davis (63), Dougherty

This bill establishes 2 income tax credits for gifts to public
schools and libraries.

The first authorizes an income tax credit for cash donations to
be used by schools to purchase books, materials, computers, or
Internet services or for donations of new books, new equipment,
or Internet services to maintain or update libraries in school
districts.  The credit will be equal to 50% of the donation with
a maximum of $10,000.  The amount of credits statewide is
limited to $5 million.

The second authorizes an income tax credit for cash donations to
be used by schools to hire a certified librarian.  The credit
will be equal to 25% of the donation with a maximum of $10,000.
The amount of credits statewide is limited to $5 million.

Both credits are not refundable and must be certified through
the Department of Elementary and Secondary Education.


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Last Updated October 5, 2000 at 11:34 am