File Code: Taxes - Income
- Sponsored By:
-
Delegates Taylor,
Finifter, and McKee
- Entitled:
-
Income Tax Credit for Charitable Contributions to Community Foundations
Providing an individual a credit against the State income tax in an
amount equal to 100% of the amount of unrestricted charitable
contributions made by the individual to a community foundation's
endowment during the taxable year; limiting the credit that may be
claimed; allowing the credit only if the individual's qualified
capital gain for the taxable year for which the credit is received is
at least $10,000,000; providing for a reduction of itemized deductions
if the credit is claimed; etc.
House Action
- 3/2
- First Reading House Rules and Executive Nominations
- 3/5
- Re-referred Ways and Means
- 3/7
- Hearing 3/15 at 1:00 p.m.
- 3/12
- Hearing cancelled
- Hearing 3/20 at 1:00 p.m.
- 4/6
- Favorable with Amendments Report by Ways and Means
- 4/2
- Favorable with Amendments Report Adopted
- Floor Amendment (Delegate Brinkley) Rejected (50-67)
- Second Reading Passed with Amendments
- 4/3
- Third Reading Failed (55-74)
Senate Action
- No Action
- Sponsored by:
- Delegate Casper R. Taylor, Jr., District 1C
- Delegate Michael J. Finifter, District 11
- Delegate Robert A. McKee, District 2A
- Bill indexed under the following Subjects:
- EXEMPTIONS
- GIFTS
- INCOME TAX
- NONPROFIT ORGANIZATIONS
- TAX CREDITS -see also- CIRCUIT BREAKER
- Bill affects the following Statutes:
- Tax - General
- (
10-218 ,
10-722
)
- Bill Text:
First Reading (PDF),
Third Reading (PDF), Enrolled
- Fiscal Note:
Available (PDF)
- Amendments:
- House
- Number: 085769/1 (PDF) Offered on: April 6, 2001 at:
8:17 p.m. Status: Adopted
- Number: 783626/1 (PDF) Offered on: April 6, 2001 at:
8:18 p.m. Status: Rejected
- Roll Call Votes (Legislative dates are shown):
- House
- April 2, 2001: Floor Amendment (Brinkley) {783626/1 Rejected (50-67)
- April 3, 2001: Third Reading Failed (55-74)