Bill Raises Tax Credits For School Donations

Thu., Feb. 5, 1998

From Staff Reports

Rep. Jim Clark, R-Hayden Lake, wants to increase the tax credit people receive for giving to educational purposes.

The House Revenue and Tax Committee Wednesday agreed to debate a bill that would increase tax credits from $50 to $100 for individuals who donate to primary and secondary schools, libraries, public television and education foundations. For businesses, the tax credit would increase from $500 to $1,000.

Clark said tax credit levels haven’t increased since 1976, when the law was passed. The measure carries a $2 million price tag.

“It’s quick fund-raising for schools and libraries,” Clark told the committee. , DataTimes

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Bill Raises Tax Credits For School Donations

Jesse Tinsley

Jim Meehan

Molly Quinn

Rob Curley

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