This bill enacts an income tax credit for charitable contributions to affordable housing organizations.
This bill:
- defines terms;
- enacts a nonrefundable income tax credit for individuals who make charitable contributions to nonprofit organizations engaged in affordable housing;
- requires a claimant to obtain certification from each organization to which a charitable contribution is made; and
- provides for apportionment of the tax credit for nonresidents and part-year residents.

Statutes affected:
Introduced: 59-10-1002.2