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 Kansas Capital   Aside  from  investment-­‐related   75%  of  the  contribution  amount;   Kan.  Stat.  Ann.  §74-­‐ Investment/Capital   items,  this  credit  includes:   $50,000  cap  per  contributor  for   99c02;  Kan.  Stat.  Ann.   Company  Investment Credit  for  contributions  to  the   contributions  to  the  Kansas  Center   §74-­‐99c09(c)-­‐(d);  Kan.   Kansas  Center  for   for  Entrepreneurship;  there  are  also   Stat.  Ann.  §74-­‐50,154(a)-­‐ Entrepreneurship;  and   caps  of  approx.  $2M  for  total  credits   (e) Credit  for  amounts  contributed   in  any  one  fiscal  year to  a  regional  foundation [There  is  also  a  Credit  for   Investing  in  a  Technology-­‐Based   Venture-­‐Capital  Corporation,   which  includes  a  possible  credit   for  gifts,  donations,  or  grants] Kansas Temporary  Assistance  to   For  tax  years  prior  to  2014,   70%  of  the  amount  of  financial   Kan.  Stat.  Ann.  §79-­‐ Families  (TAF)   income  tax  credit  for  providing   assistance. 32,200(e). Contribution  Credit financial  support  to  a  person   who  would  otherwise  be  eligible   to  receive  Aid  to  Families  with  

  who  would  otherwise  be  eligible   to  receive  Aid  to  Families  with   Dependent  Children  and  who   has  entered  into  an  agreement   with  the  Secretary  for  Children   and  Families.    After  2014,   available  to  corporations  only. Kansas Credit  for  contributions   Until  January  1,  2013,  any   The  credit  amount  cannot  exceed   Kan.  Stat.  Ann.  §79-­‐ made  to  law  enforcement   business  firm  or  individual  that   50%  of  the  total  amount   32,242 training  center  (Repealed   contributes,  gifts  or  donates  to   contributed,  gifted  or  donated   on  and  after  01/01/2013) the  Kansas  law  enforcement   during  the  taxable  year. training  center  to  be  used  for   providing  programs  and  courses   of  instruction  for  full–time   police  officers  and  law   enforcement  officers  designed   to  fulfill  continuing  education   and  training  requirements  will   be  allowed  a  credit  against  the   tax  imposed  by  the  Kansas   income  tax  act. Kansas Credits  for  contributions   Taxpayers  making  contributions   The  credit  amount  allowed  cannot   Kan.  Stat.  Ann.  §79-­‐ to  state  higher  education   to  state  higher  education  

 contributions   The  credit  amount  allowed  cannot   Kan.  Stat.  Ann.  §79-­‐ to  state  higher  education   to  state  higher  education   exceed  60%  of  the  total  amount   32,261(a) infrastructure   infrastructure  improvements   contributed  during  the  taxable  year   improvements  and   and  maintenance  projects  are   to  a  community  or  technical  college   maintenance  projects able  to  apply  tax  credits  against   and  cannot  exceed  50%  to  a   their  income  tax.  Taxpayers  who   postsecondary  educational   make  prescribed  contributions   institution.  After  tax  year  2008,   to  a  community  college  located   contributions  can  be  made  for  tax   in  Kansas  for  capital   years  2009,  2010,  2011,  and  2012   improvements,  a  technical   during  the  entire  tax  year. college  for  deferred   maintenance  or  the  purchase  of   technology  or  equipment,  or  a   postsecondary  educational   institution  located  in  Kansas  for   deferred  maintenance,  are   allowed  a  credit  against  their   income  tax.