Budget Amendment ID: FY2022-S3-33

GOV 33

Charitable Tax Deduction

Messrs. Tarr, O'Connor and Fattman moved that the proposed new text be amended by striking in SECTION 43 the following:-"shall not be allowed for the taxable year beginning January 1, 2022" and by inserting in place thereof the following:-"shall be allowed for 25 percent of the taxpayer's contribution base for taxable year beginning January 1, 2022, 50 percent of the taxpayer's contribution base for taxable year beginning January 1, 2023, and 100 percent of the taxpayer's contribution base for taxable year beginning January 1, 2024"

moves to further amend by inserting after section _ the following:-

"SECTION_. SECTION 43 is hereby repealed on January 1, 2025".