57-18 Exhibit - Urging State of New Jersey to Implement Charitable Trust in Lieu of Local Taxes Plan.pdf

Donations  of  food  crops  grown   30%  of  the  fair  market  value  of  the   Va.  Code  Ann.    §58.1-­‐ credit by  the  taxpayer  (whether   food  crops,  capped  at  $5,000  per   439.12:12(B)   individual  or  corporate)  in   taxpayer  annually,  and  $250,000   Virginia  to  a  nonprofit  food  bank statewide.   Virginia Neighborhood  Assistance   Monetary  donation  or  a   65%  of  the  value  of  the  donation;   Va.  Code  Ann.  §  58.1-­‐ Act  Tax  Credit donation  of  marketable   the  minimum  donation  is  $500  and   439.24 securities  to  an  approved   the  maximum  donation  for  which  a   neighborhood  organization credit  can  be  obtained  is  $125,000   per  year.  No  more  than  $500,000  in   tax  credits  may  be  approved  per   year.   Virginia Education  Improvement   Donations  of  cash  or  marketable   65%  of  the  donation.    For   Va.  Code  Ann.  §  58.1-­‐ Scholarships  Tax  Credit securities  to  approved   individuals,  donation  must  be  at   439.26   scholarship  foundations  that   least  $500,  and  no  credit  will  be   provide  scholarships  to  eligible   provided  for  donations  above   students  for  non-­‐public  schools

provide  scholarships  to  eligible   provided  for  donations  above   students  for  non-­‐public  schools $125,000.   West  Virginia Neighborhood   Cash,  personal  or  real  property,   Up  to  50%  of  the  taxpayer's  eligible   W.  Va.  Code  §§  11-­‐13J-­‐1-­‐ Investment  Program  Tax   or  stock  contributions  (by  an   contribution  (valued  at  fair  market   12.   Credit. individual  or  business)  to  a   value  for  personal  or  real  property   qualified  charitable  community-­‐ or  stock,  75%  for  in-­‐kind   based  organization  that   professional  services).    Capped  at   establishes  projects  to  assist   $100,000  per  taxpayer  annually,  and   neighborhoods  and  local   $3  million  statewide.   communities  through  such   services  as  health  care,   counseling,  emergency   assistance,  crime  prevention,   education,  housing,  job  training   and  physical  and  environmental   improvements.