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 Oregon Child  Care  Contribution   Contribution  to  the  Child  Care   50%  of  contribution  (capped   Or.  Rev.  Stat.    §  315.213.   Tax  Credit   Contribution  Tax  credit   statewide  at  $500,000) program,  used  to  financially   support  improvements  for  child   care  businesses.   Oregon Credit  for  payments   Credit  is  available  to  Employers   50%  of  disbursements  from  the   Or.  Rev.  Stat.    §  315.237.   made  to  qualified   that  fund  scholarship  programs   employer's  scholarship  program   scholarship  programs for  employees  and  dependents   (capped  at  $50,000  per  employee,   Rhode  Island Credit  for  Contributions   Rhode  Island  provides  a  credit   Tax  credits  are  worth  75  percent  of   R.I.  Gen.  Laws  §  44-­‐62-­‐1   to  Scholarship   for  donations  to  Scholarship   the  contribution,  or  90  percent  if   Organizations Granting  Organizations  (SGOs),   donated  for  two  consecutive  years   nonprofits  that  provide  private   and  the  second  year’s  donation  is   school  scholarships.   worth  at  least  80  percent  of  the  first  

ool  scholarships.   worth  at  least  80  percent  of  the  first   year’s  donation.  Each  donor  can   receive  only  $100,000  in  tax  credits   each  year,  and  cannot  use  surplus   donations  in  one  year  to  generate   tax  credits  in  future  years. South  Carolina Credit  for  qualified   Qualified  contribution  by   100%  of  a  qualified  contribution,   S.C.  Code  Ann.  §  12-­‐6-­‐ contribution  to  Industry   taxpayer  (individual  or   limited  to  $2  million  annually  per   3585 Partnership  Fund.   corporate)  to  the  Industry   taxpayer  ($6  million  state-­‐wide).   Partnership  Fund  at  the  South   Carolina  Research  Authority   (SCRA)  or  an  SCRA-­‐designated   affiliate. South  Carolina Credit  for  qualified   Qualified  contribution  by   25%  of  a  qualified  contribution. S.C.  Code  Ann.  §  12-­‐6-­‐ contribution  to  South   taxpayer  (individual  or   3630 Carolina  Hydrogen   corporate)  to  the  South  Carolina   Infrastructure   Hydrogen  Infrastructure  

Carolina  Hydrogen   corporate)  to  the  South  Carolina   Infrastructure   Hydrogen  Infrastructure   Development  Fund  [for   Development  Fund. taxable  years  beginning   after  2007  and  before   2012] South  Carolina Qualified  Conservation   Donations  of  land  or  qualified   25%  of  the  total  amount  of  the   S.C.  Code  Ann.  §  12-­‐6-­‐ Contribution  Credit property  interests  (conservation   federal  deduction  claimed;  capped   3515 easement)  for  purposes  of   at  $250/acre  and  $52,500  per   conservation taxpayer  per  year  (when  combined   with  all  other  tax  credits).   South  Carolina Educational  Credit  for   Individuals  and  businesses  are   Taxpayers  can  claim  a  credit  up  to   Proviso  109.11,  State   Exceptional  Needs   awarded  a  tax  credit  for   60  percent  of  their  total  tax  liability   Fiscal  Year  2017-­‐2018   Children contributions  to  nonprofit   for  a  given  year;  annual  statewide   Appropriations  Act,  2017   scholarship  funding   cap  of  $11  million.   S.C.  Acts  97.   organizations    dedicated  to   providing  scholarships  to   children  with  exceptional  needs Utah Credit  for  ABLE  account   Contributions  by  individuals,   5%  of  contributions

 exceptional  needs Utah Credit  for  ABLE  account   Contributions  by  individuals,   5%  of  contributions Utah  Code  Ann.  §  59-­‐10-­‐ contributions  [effective   estates  and  trusts  to  accounts   1035   for  tax  years  starting  on   set  up  under  the  Achieving  a   or  after  January  1,  2016] Better  Life  Experience  (ABLE)   Savings  Account  program,  which   allows  states  to  establish  tax-­‐ advantaged  savings  accounts  for   certain  individuals  with   disabilities  for  their  disability-­‐ related  expenses.