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 Missouri Donations  to  Shelters  for   Taxpayers  who  donate  at  least   50%  of  the  donation Mo.  Rev.  Stat.    §135.550  ;   Victims  of  Domestic   $100  to  a  facility  determined  by   Mo.  Code  Regs.  13    §40-­‐ Violence the  director  of  public  safety  as  a   79.010(3)  —Mo.  Code   shelter  for  victims  of  domestic   Regs.  13    §40-­‐79.010(6)  ;   violence  are  entitled  to  a  credit   Mo.  Code  Regs.  13    §40-­‐ against  personal  income  tax;The   79.010(10)(B)     credit  claimed,  however,  must   not  exceed  the  taxpayer's  state   tax  liability  for  the  year  that  the   credit  is  claimed  and  the   maximum  credit  that  may  be   claimed  is  $50,000  per  taxable   year.  Any  unused  credit  may  be   carried  forward  for  four  years.   The  contribution  to  a  shelter  is   defined  to  include  cash,  stocks,  

The  contribution  to  a  shelter  is   defined  to  include  cash,  stocks,   bonds  or  other  marketable   securities  or  real  property   Missouri Innovation  Campus  Tax   A  taxpayer  is  allowed  a   50%  of  the  amount  of  an  eligible   Mo.  Rev.  Stat.   Credit nonrefundable  tax  credit  for   donation  §620.2600(2)(4)  ;  Mo.   donations  to  innovation   Rev.  Stat.    §620.2600(3)  ;   campuses  to  be  used  solely  for   Mo.  Rev.  Stat.   projects  that  advance  learning  in    §620.2600(7)   the  areas  of  science,  technology,   engineering,  and  mathematics.   Innovation  campus  is  an   education  partnership  between   a  Missouri  High  school,  a  4-­‐year   higher  education  institution,  a   business,  and  a  2-­‐year  higher   education  institution. Montana College  Contribution   A  taxpayer  is  allowed  a  tax   10%  of  the  aggregate  amount  of   Mont.  Code  Ann.    §15-­‐30-­‐ Credit credit  in  an  amount  equal  to   charitable  contributions  made  by   2326(1)  

5-­‐30-­‐ Credit credit  in  an  amount  equal  to   charitable  contributions  made  by   2326(1)   10%  of  the  aggregate  amount  of   the  taxpayer  during  the  year  to  a   charitable  contributions  made   foundation  or  a  general  endowment   by  the  taxpayer  during  the  year   fund  of:  (1)  the  Montana  university   to  a  foundation  or  a  general   system  or  any  unit  or  campus  of  the   endowment  fund  of:  (1)  the   Montana  university  system;  (2)  a   Montana  university  system  or   Montana  private  college;  (3)  a   any  unit  or  campus  of  the   Montana  community  college  that  is   Montana  university  system;  (2)   part  of  a  community  college  district;   a  Montana  private  college;  (3)  a   or  (4)  a  tribal  college  located  in   Montana  community  college   Montana.  The  maximum  credit   that  is  part  of  a  community   claimed  is  equal  to  $500  or  the   college  district;  or  (4)  a  tribal   Montana  personal  income  tax   college  located  in  Montana. liability,  whichever  is  less