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Bill to convert payment‑processing fees into charitable credits draws mixed response
Summary
House Bill 900 would let businesses claim a state income tax credit equal to charitable donations made from payment‑processing fees for 12 months, proponents said the approach funnels new funding to nonprofits with no state outlay; opponents warned against adding tax credits and questioned how processors would participate.
Representative (Nave), sponsor of House Bill 900, described the measure to the House Tax Committee as an incentive enabling small businesses to direct a portion of payment‑processing fees to charitable organizations and receive a matching state income tax credit for 12 months.
The sponsor provided a handout illustrating the flow: the payment processor subtracts its fee, a portion of that fee is directed to a charity chosen by the business, and for the first 12 months a matching amount from the processor would be sent to the state so the state can issue a corresponding tax credit to the business. The sponsor described…
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