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Committee hears bill to extend tax credit for Friends of Cedar Crest; Eisenhower Foundation seeks inclusion
Summary
House Bill 2387 would extend a tax credit for contributions to the Friends of Cedar Crest Association for 10 years; the Department of Revenue estimated a $350,000 decrease in state general fund revenue in fiscal year 2027. Supporters also asked the committee to add the Eisenhower Foundation to the credit.
The Committee on Taxation heard House Bill 2387, which would extend an existing tax credit for contributions to the Friends of Cedar Crest Association. Under current law the credit is slated to expire beginning with the 2026 tax year; the bill would extend the credit for an additional 10 years.
The Department of Revenue provided a fiscal note estimating the bill would decrease state general fund revenue by approximately $350,000 in fiscal year 2027. Department staff told the committee the credit…
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