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 North  Carolina Real  Property  Donated   For  tax  years  prior  to  2014,  an   For  tax  years  beginning  on  or  after   N.C.  Gen.  Stat.    §105-­‐ for  Public  or  Conservation   individual  or  pass-­‐through  entity   January  1,  2007,  the  aggregate   151.12(a)  ,  repealed   Purposes  (repealed  2014) that  makes  a  qualified  donation   amount  of  credit  allowed  to  an   effective  for  taxable  years   of  an  interest  in  real  property   individual  in  a  taxable  year  for  one   beginning  on  or  after   located  in  North  Carolina  during   or  more  qualified  donations,   January  1,  2014 the  taxable  year  that  is  useful   whether  made  directly  or  indirectly   for  public  beach  access  or  use,   as  owner  of  a  pass-­‐through  entity,   public  access  to  public  waters  or   may  not  exceed  $250,000.  In  the   trails,  fish  and  wildlife   case  of  property  owned  by  a   conservation,  forestland  or   married  couple,  if  both  spouses  are   farmland  conservation,   required  to  file  North  Carolina   watershed  protection,   income  tax  returns,  the  credit   conservation  of

watershed  protection,   income  tax  returns,  the  credit   conservation  of  natural  areas,   allowed  may  be  claimed  only  if  the   conservation  of  natural  or  scenic   spouses  file  a  joint  return.  The   river  areas,  conservation  of   aggregate  amount  of  credit  allowed   predominantly  natural  parkland,   to  a  husband  and  wife  filing  a  joint   or  historic  landscape   tax  return  may  not  exceed   conservation  is  allowed  a  credit   $500,000. against  the  personal  income  tax. North  Carolina Oyster  Shell  Tax  Credit   Effective  for  tax  years  beginning   $1  per  bushel  of  oyster  shells   N.C.  Gen.  Stat.    §105-­‐ (repealed  2014) on  or  after  January  1,  2006  and   donated 151.30(a)  ;  N.C.  Gen.  Stat.   expiring  for  tax  years  beginning    §105-­‐151.30(f)   on  or  after  January  1,  2014,   taxpayers  who  donate  oyster   shells  to  the  Division  of  Marine   Fisheries  of  the  Department  of   Environment  and  Natural   Resources

he  Department  of   Environment  and  Natural   Resources  are  eligible  for  a  tax   credit  against  personal  income   tax   North  Carolina Donatation  of  Gleaned   For  tax  years  prior  to  2014,  a   10%  of  the  season  average  price  of   N.C.  Gen.  Stat.    §105-­‐ Crops  (repealed  2014)   grower  who  donates   the  crop 151.14(a)  ,  repealed   unharvested  crops  located  in   effective  for  taxable  years   North  Carolina  to  a  qualifying   beginning  on  or  after   charitable  organization  is   January  1,  2014 allowed  a  credit  of  10%  of  the   season  average  price  of  the  crop   as  determined  by  the  North   Carolina  Crop  and  Livestock   Reporting  Service  or  the  average   price  of  the  crop  in  the  nearest   local  market  for  the  month  in   which  the  crop  is  gleaned  if  the  

local  market  for  the  month  in   which  the  crop  is  gleaned  if  the   Crop  and  Livestock  Reporting   Service  does  not  determine  the   season  average  price.