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Committee approves bill expanding education donation tax credit to include cash gifts
REVENUE & TAX - SENATE · February 4, 2019
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Summary
The panel passed SB226 to expand the income tax credit for donations to certain educational institutions to allow cash gifts; the sponsor said the cash donation credit equals 33% of the donated amount, and AEDC supports the proposal.
The Senate Revenue & Tax committee approved SB226, which would expand an income tax credit for donations of machinery and equipment to also include cash donations to qualifying educational institutions.
Senator Pitch, who presented the bill, said the change responds to requests AEDC has received and would allow…
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