SB0145

Tax credit for charter school contribution.

Latest bill text (Comm Sub) [PDF]

Summary

Tax credit for charter school contribution. Authorizes the governing body of a charter school to establish a charter school building fund (fund) for the purpose of accepting charitable contributions to be used to fund one or more capital projects of the charter school. Provides an individual adjusted gross income tax credit for contribution to a fund equal to 50% of the aggregate amount of charitable contributions made by the taxpayer during the taxable year. Caps the total amount of tax credits provided at $10,000,000.

Authors

Authored by Senator Buchanan

Fiscal Outlook

Title Description Date View
Fiscal NoteFiscal Note #1: Introduced2024-01-08 Click To View

History

Date Chamber Action
2024-01-25SenateSenator Randolph added as coauthor
2024-01-08SenateFirst reading: referred to Committee on Tax and Fiscal Policy
2024-01-08SenateAuthored by Senator Buchanan