Comments: IN SB0317 | 2015 | Regular Session
Bill Title: Community foundations. Defines an "eligible community foundation" for state income tax purposes as an organization that: (1) is a tax exempt charitable organization; (2) satisfies the public support test for public charities; (3) is an autonomous, nonsectarian philanthropic institution with component funds established by many separate donors; (4) is accredited under national standards for United States Community Foundations; and (5) supports a broad range of charitable activities in a specific area of the state.
Spectrum: Bipartisan Bill
Status: (Passed) 2015-04-23 - Public Law 50 [SB0317 Detail]
Text: Latest bill text (Enrolled) [PDF]
Spectrum: Bipartisan Bill
Status: (Passed) 2015-04-23 - Public Law 50 [SB0317 Detail]
Text: Latest bill text (Enrolled) [PDF]
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