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 Michigan Credit  for  automobiles  Until  December  31,  2011,  a   50%  of  FMV. Mich.  Comp.  Laws  Ann.   donated  for  “Wheels  to   taxpayer  may  claim  a  credit   §206.269 Work”  programs against  the  income  tax  equal  to   50%  of  the  fair  market  value  of   an  automobile  donated  by  the   taxpayer  to  a  qualified   organization  that  intends  to   provide  the  automobile  to  a   qualified  recipient. Michigan Charitable  contributions   Until  December  31,  2011,  a   50%  of  the  charitable  contribution   Mich.  Comp.  Laws  Ann.     credit credit  is  allowed  against  a   made  to  an  eligible  institution. §206.260 taxpayer's  Michigan  personal   income  tax  liability  for   charitable  contributions  made   to  the  following: (1)  Michigan,  under  the  Faxon-­‐ McNamee  Art  in  Public  Places   Act,  of  an  artwork  created  by   the  taxpayer  for  display  in  a   public  place; (2)  the  state  Art  in  Public  Places  

  public  place; (2)  the  state  Art  in  Public  Places   Fund; (3)  a  municipality  in  Michigan  of   an  artwork  created  by  the   personal  effort  of  the  taxpayer   for  display  in  a  public  place; (4)  either  a  municipality  of   Michigan  or  a  nonprofit   corporation  affiliated  with  both   a  municipality  and  an  art   institute  located  in  that   municipality,  of  money  or   artwork,  if  for  benefiting  an  art   institute  located  in  that   municipality; (5)  a  public  library; (6)  a  public  broadcast  station   that  is  not  affiliated  with  an   institution  of  higher  education   located  in  Michigan; (7)  an  institution  of  higher   learning  in  Michigan; (8)  the  Michigan  College