Corporate/Insurance Company Tax Credit STATEWIDE Caps

There is no limit in the amount a corporation or insurance company may donate.  However, there is a statewide cap that is increased each year by 20% of cap from previous fiscal year.

FY 2010-2011              $20.736 million

FY 2011-1012              $24.8832 million

FY 2012-2013              $29.8598 million

FY 2013-2014              $35.8318 million

FY 2014-2015              $42.9982 million

 

** Unused credit can be carried forward for five years.