ARIZONA CATHOLIC CONFERENCE
Legislative Update (03/01/13)
Charitable Tax Credit Bill Moves Forward
Following testimony from the Arizona Catholic Conference (ACC), the House Ways and Means Committee passed legislation (SB 1172) this week designed to assist faith based and other nonprofit organizations serving low income people.
Under the current law, donors are able to take a tax credit for donations made to certain organizations helping the most vulnerable in our society. For individuals, the maximum credit is $200 and for married couples the credit is $400. Unlike any other tax credit, however, this one is limited only to people itemizing their taxes. SB 1172, which is sponsored by Senator Steve Yarbrough, attempts to fix this problem by eliminating the itemization requirement.
The charitable organization tax credit is a great benefit to crisis pregnancy centers, St. Vincent de Paul, Catholic Charities, and many other outstanding agencies. It is our hope that SB 1172 goes to the House floor in the near future and eventually becomes law.
With regard to other legislation, both the Senate and the House are keeping to their deadlines as the legislative session moves forward. Along these lines, a number of important bills, including those related to school choice, are expected to receive floor votes in the next week or two.
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