Friday, June 10, 2005

Bill would give tax credits for donating computers - 2005-06-09

Bill would give tax credits for donating computers - 2005-06-09: "Bill would give tax credits for donating computers
Legislation has cleared the Pennsylvania House Finance Committee that would create tax credits for individuals or companies that donate used computers to certain nonprofit organizations.


The credit, offered against the personal or corporate income tax, would be equal to the fair market value of the used computer multiplied by the rate of tax imposed. The credit, which is being sponsored by Rep. Doug Reichley, R-Berks/Lehigh, would not exceed the amount of the tax due. "

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