HB20-1305
Crop And Livestock Contribution Tax Credit
| Type | Bill |
|---|---|
| Session | 2020 Regular Session |
| Subjects |
Concerning the repeal of the income tax credit for corporate crop and livestock contributions.
Bill Summary:
Under current law, the income tax credit for corporate crop and livestock contributions allows agricultural C corporations to claim an income tax credit of 25% of the value of the charitable crop or livestock contributions they make in a tax year, up to a maximum of $1,000. The bill eliminates the tax credit.
(Note: This summary applies to this bill as introduced.)
Committees
House
Finance
Related Documents & Information
| Activity | Vote | Documents |
|---|---|---|
| Adopt amendment L.001 | The motion passed without objection. | Vote summary |
| Refer House Bill 20-1305, as amended, to the Committee of the Whole. | The motion passed on a vote of 9-1. | Vote summary |
| Date | Amendment Number | Committee/ Floor Hearing | Status | Documents |
|---|---|---|---|---|
| 03/09/2020 | L.001 | HOU Finance | Passed [*] |
| Date | Location | Action |
|---|---|---|
| 05/28/2020 | House | House Second Reading Laid Over to 12/31/2020 - No Amendments |
| 03/14/2020 | House | House Second Reading Laid Over to 03/30/2020 - No Amendments |
| 03/13/2020 | House | House Second Reading Laid Over Daily - No Amendments |
| 03/09/2020 | House | House Committee on Finance Refer Amended to House Committee of the Whole |
| 02/20/2020 | House | Introduced In House - Assigned to Finance |