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House Co-Sponsorship Memoranda
House of Representatives
Session of 2013 - 2014
Regular Session
MEMORANDUM
| Posted: | January 6, 2014 10:22 AM |
|---|---|
| From: | Representative Warren Kampf |
| To: | All House members |
| Subject: | Basic Needs Services Tax Credit Legislation |
In the near future, I plan to introduce legislation amending the Tax Reform Code to provide a tax credit to private business entities that invest and contribute to nonprofit organizations that provide basic needs services. This new tax credit will permit existing nonprofit organizations to seek state approval to receive contributions from business entities. In turn for its contribution or donation, the business entity is able to claim a tax credit in an amount not to exceed 50% of its total qualified contributions to eligible nonprofit organizations. As a result, this new tax credit is intended to provide additional funding to basic needs services organizations that provide medical care, food, clothing, child care, adult care, shelter, or other assistance that is reasonably necessary to meet an individual’s immediate basic needs. If you have questions concerning this legislation, please contact Joni Mitchell at jmitchel@pahousegop.com. Thank you for your consideration of this matter. |
Introduced as HB2029