Increases the maximum allowable amount of political contribution personal income tax credit.

Taxes

Passed Legislature

This bill passed both chambers and reached final enrollment, even if later executive action is not shown here.

Sponsor: Senator Bonham,, Robinson
Last action: 2025-06-27
Official status: In Senate Committee
Effective date: Not listed

Plain English Breakdown

The plain English breakdown is still being put together. The official documents below are already here.

Bill History

2025-06-27 Senate
In committee upon adjournment.
2025-01-17 Senate
Referred to Finance and Revenue.
2025-01-13 Senate
Introduction and first reading. Referred to President's desk.

Official Summary Text

Digest: The Act makes a bigger amount for the tax credit that is allowed for gifts of money to political parties or to people who run for office. (Flesch Readability Score: 60.3).
Increases the maximum allowable amount of political contribution personal income tax credit. Applies to tax years beginning on or after January 1, 2025, and before January 1, 2028.
Takes effect on the 91st day following adjournment sine die.
Relating to: Relating to a tax credit for political contributions; prescribing an effective date.
Current location: In Senate Committee