Proposed bill could increase support for children-focused nonprofits (Capitol Update)

Proposed bill could increase support for children-focused nonprofits (Capitol Update)

Sen. Jerry Alvord, R-Wilson, has pre-filed Senate Bill 1398, an interesting and, I believe, good bill creating the “Children’s Promise Act.” The bill would create a 100 percent tax credit, up to 50 percent of a donor’s income tax liability, for donations to tax exempt 501(c)(3) organizations whose primary mission is to provide services for one or more of the following: the prevention and diversion of children from custody with the Department of…