2023 Idaho Code › Title 63 - REVENUE AND TAXATION › Chapter 30 - INCOME TAX › Section 63-3029C - INCOME TAX CREDIT FOR CERTAIN CHARITABLE CONTRIBUTIONS — LIMITATION.

63-3029C. INCOME TAX CREDIT FOR CERTAIN CHARITABLE CONTRIBUTIONS — LIMITATION. At the election of the taxpayer, there shall be allowed, subject to the applicable limitations provided herein, as a credit against the income tax imposed by chapter 30, title 63, Idaho Code, an amount equal to fifty percent (50%) of the aggregate amount of charitable contributions made by such taxpayer during the year to the anchor house or its foundation, to the children’s home society of Idaho, inc., to the Idaho youth ranch or its foundation, to kinderhaven or its foundation, to the women’s and children’s alliance or its foundation, to children’s village, inc. or its foundation, to Idaho drug free youth, inc. or its foundation, to gem youth services or its foundation, to the hope house, inc. or its foundation, to the north Idaho children’s home or its foundation, to the shepherd’s home, inc. or its foundation, to a project safe place located within the state of Idaho, to the learning lab, inc. or its foundation, to a center for independent living located within the state of Idaho, to project P.A.T.C.H., planned assistance for troubled children, to a nonprofit substance abuse center licensed by the department of health and welfare, or to a nonprofit rehabilitation facility located within the state of Idaho or its foundation.
(1) In the case of a taxpayer other than a corporation, the amount allowable as a credit under this section for any taxable year shall not exceed twenty percent (20%) of such taxpayer’s total income tax liability imposed by section 63-3024, Idaho Code, for the year, or one hundred dollars ($100), whichever is less.
(2) In the case of a corporation, the amount allowable as a credit under this section for any taxable year shall not exceed ten percent (10%) of such corporation’s total income or franchise tax liability imposed by sections 63-3025 and 63-3025A, Idaho Code, for the year, or five hundred dollars ($500), whichever is less.
(3) For the purposes of this section, "center for independent living" shall mean a private, nonprofit, nonresidential organization in which at least fifty-one percent (51%) of the principal governing board, management and staff are individuals with disabilities and that:
(a) Is designed and operated within a local community by individuals with disabilities;
(b) Provides an array of independent living services and programs; and
(c) Is cross-disability.
(4) For the purposes of this section, "nonprofit rehabilitation facility" means only a facility that is accredited by the commission on accreditation of rehabilitation facilities or another accreditation organization recognized by the state of Idaho.
History:
[63-3029C, added 1982, ch. 84, sec. 1, p. 157; am. 1986, ch. 141, sec. 1, p. 398; am. 1998, ch. 131, sec. 1, p. 485; am. 1998 ch. 133, sec. 1, p. 490; am. 1998, ch. 183, sec. 1, p. 672; am. 1999, ch. 257, sec. 1, p. 662; am. 2000, ch. 216, sec. 1, p. 604; am. 2001, ch. 157, sec. 1, p. 564; am. 2001, ch. 382, sec. 1, p. 1339; am. 2002, ch. 269, sec. 1, p. 799; am. 2004, ch. 80, sec. 1, p. 305; am. 2004, ch. 193, sec. 1, p. 603; am. 2006, ch. 69, sec. 1, p. 212; am. 2006, ch. 209, sec. 1, p. 638; am. 2006, ch. 307, sec. 1, p. 946; am. 2006, ch. 309, sec. 1, p. 952; am. 2006, ch. 320, sec. 1, p. 1018.]