2005 Idaho Code - 63-3029C — INCOME TAX CREDIT FOR CERTAIN CHARITABLE CONTRIBUTIONS -- LIMITATION

                                  TITLE  63
                             REVENUE AND TAXATION
                                  CHAPTER 30
                                  INCOME TAX
    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.