On Tuesday the Senate passed an appropriations bill, HB 1566, that would authorize a tax credit for some charitable contributions, including qualifying foster care families.

  1. (c) “Qualifying foster care charitable organization” means a qualifying charitable organization that each operating year provides services to at least one hundred (100) qualified individuals in this state and spends at least fifty percent (50%) of its budget on services to qualified individuals in this state For the purposes of this paragraph, “qualified individual” means a child in a foster care placement program established by the Department of Child Protection Services.

Families who pay certain expenses for foster children would be eligible for tax credits in the $500 and $1,000 range. These foster families are established by Child Protective Services.

  1. (3) A separate credit is allowed against the taxes imposed by this chapter for voluntary cash contributions during the taxable year to a qualifying foster care charitable organization. A contribution to a qualifying foster care charitable organization does not qualify for, and shall not be included in, any credit amount under subsection (2) of this section. If the voluntary cash contribution by the taxpayer is to a qualifying foster care charitable organization, the credit shall not exceed: (a) Five Hundred Dollars ($500.00) in any taxable year for a single individual or a head of household. (b) One Thousand Dollars ($1,000.00) in any taxable year for a married couple filing a joint return.

The bill was authored by Rep. McNeal. Since the bill was amended in the Senate it will go back to the House for concurrence.