Text: SF00043 Text: SF00045 Text: SF00000 - SF00099 Text: SF Index Bills and Amendments: General Index Bill History: General Index
PAG LIN 1 1 Section 1. NEW SECTION. 56.18A TAX CREDIT FOR POLITICAL 1 2 COMMITTEE CONTRIBUTIONS. 1 3 A credit against taxes pursuant to section 422.12, 1 4 subsection 4, shall be allowed for fifty percent of total 1 5 monetary contributions to political committees organized under 1 6 section 56.5, not to exceed a total credit of one hundred 1 7 dollars per contributor. Upon request by the department of 1 8 revenue and finance, the contributor shall substantiate the 1 9 claimed credit with official receipts from all political 1 10 committees to which contributions were made. 1 11 Sec. 2. Section 422.12, Code 1999, is amended by adding 1 12 the following new subsection: 1 13 NEW SUBSECTION. 4. A tax credit for political committee 1 14 monetary contributions pursuant to section 56.18A. 1 15 EXPLANATION 1 16 New Code section 56.18A provides that persons who make 1 17 monetary contributions to political committees organized in 1 18 Iowa may claim a tax credit equal to 50 percent of total 1 19 contributions, up to a total credit of $100 per contributor. 1 20 A conforming amendment is made to Code section 422.12 1 21 regarding the tax credit. 1 22 LSB 1845SS 78 1 23 jj/jw/5
Text: SF00043 Text: SF00045 Text: SF00000 - SF00099 Text: SF Index Bills and Amendments: General Index Bill History: General Index
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