Senator Gardner, bill sponsor, presented House Bill 18-1202. Beginning in tax year 2020, this bill creates an income tax credit for employers whose employees donate an organ and grant their employee a paid leave of absence. The tax credit is equal to 35 percent of an employee's paid leave, not to exceed 10 days, and/or the amount paid to a temporary employee during a donor employee's paid leave. Employers may not claim the credit for employees with an annual salary greater than or equal to $80,000. The credit is nonrefundable, meaning that it is limited to a taxpayer's income tax liability. Any remaining credit not used in one tax year may be carried forward for up to five years.
Taxpayers claiming the credit must provide documentation verifying the employee's organ donation upon the request of the Department of Revenue (DOR), and are ineligible to claim the credit if such documentation cannot be provided.