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

State Title  of  Credit Description Amount  of  Credit Statute Indiana School  Scholarship  Tax   Donations  to  Scholarship   Tax  credit  worth  50  percent  of   Ind.  Code  §  6-­‐3.1-­‐30.5-­‐7 Credit Granting  Organizations  that   donation.    Statewide  limit  $9.5   provide  vouchers  for  low-­‐ million  in  the  state  fiscal  year   income  students  to  attend   beginning  July  1,  2016,  and  ending   private  schools June  30,  2017. Indiana Neighborhood  assistance   A  neighborhood  assistance  tax   50%  of  the  amount  invested  in  the   Ind.  Code    §6-­‐3.1-­‐9-­‐3   tax  credit credit  is  available  to  a  taxpayer   neighborhood  assistance  program   that:  (1) (limited  to  $25,000) contributes  to  a  tax-­‐exempt   “neighborhood  organization”   performing  community  services   in  an  economically   disadvantaged  area;  (2)  that   provides  neighborhood   assistance,  job  training,  or   education  for  individuals  not   employed  by  the  taxpayer;  (3)   that  provides  community   services  or  crime  prevention   services  in  an  economically  

  services  or  crime  prevention   services  in  an  economically   disadvantaged  area;  or  (4)  that   provides  community  services,   education  or  job  training  to   individuals  who  are  ex-­‐offenders   who  have  completed  the   individuals'  criminal  sentences   or  are  serving  a  term  of   probation  or  parole Indiana Individual  Development   donations  to  Individual   50%  of  the  contribution,  capped   Ind.  Code  §  6-­‐3.1-­‐18-­‐6 Account  Credit Development  Account  Fund statewide  at  $200,000.   Iowa Endow  Iowa  Tax  Credit Contributions  made  to  an   25%  of  the  gift.  For  each  individual,   Iowa  Code  §  15E.305   Endow  Iowa  qualified   capped  at  5%  of  the  statewide  cap.   community  foundation  for  a    Capped  at  $6  million  per  year   permanent  endowment  fund   statewide,  plus  a  percentage  of  the   established  to  benefit  a   tax  imposed  on  the  adjusted  gross   charitable  cause  in  Iowa receipts  from  gambling  games Iowa Charitable  Conservation   Donations  of  qualified  real   50%  of  fair  market  value,  capped  at   Iowa  Code  §  422.11W Contribution  Tax  Credit property  for  conservation   $100,000 purposes Iowa School  Tuition   Contribution  made

tion  Tax  Credit property  for  conservation   $100,000 purposes Iowa School  Tuition   Contribution  made  by  a   65  percent  of  contribution  amount Iowa  Code  §  422.11S Organization  Tax  Credit taxpayer  to  a  school  tuition   organization  (STO) Iowa Farm  to  Food  Donation   Donations  of  food  commodities   15%  of  value,  capped  at  $5,000 Iowa  Code  §  190B.104 Tax  Credit to  Iowa  food  banks