Under current law, the income tax credit for corporate crop and livestock contributions allows agricultural C corporations to claim an income tax credit of 25% of the value of the charitable crop or livestock contributions they make in a tax year, up to a maximum of $1,000. The bill eliminates the tax credit.
(Note: This summary applies to this bill as introduced.)

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Statutes affected:
Preamended PA1 (03/11/2020): 39-22-301
Introduced (02/20/2020): 39-22-301