Wednesday, January 26, 2005

Duluth News Tribune | 01/21/2005 | Legislature OKs tax incentives for tsunami relief contributions

Duluth News Tribune 01/21/2005 Legislature OKs tax incentives for tsunami relief contributions: "Legislature OKs tax incentives for tsunami relief contributions

BY MARTIGA LOHN
ASSOCIATED PRESS

ST. PAUL - Hoping to keep donations to Indian Ocean tsunami victims flowing, lawmakers almost unanimously approved a bill Thursday that speeds up a tax benefit for donors.
Tsunami contributions made by the end of January would be deductible on 2004 state tax returns under the bill, which sailed through the House 132-0 and the Senate 60-1.
The legislation dovetails with the federal Charitable Contribution Act, signed into law earlier this month, and eliminates the need for donors to go through contortions to claim the deductions differently on state and federal tax returns, said Rep. Ron Abrams, R-Minnetonka, the bill's House sponsor. Sen. Ann Rest, DFL-New Hope, carried the Senate bill."

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