1.1 .................... moves to amend H. F. No. 3586 as follows:
1.2Page 5, line 8, delete "
federal poverty guideline" and insert "
income standard used
1.3to qualify for a reduced price meal under the national school lunch program established
1.4under United States Code, title 42, sections 1751 and following"
1.5Page 5, line 21, delete "
15" and insert "
40"
1.6Page 5, line 30, before "
activities" insert "
academic, arts, or athletic" and delete "
at
1.7a qualified school"
1.8Page 5, after line 32, insert:
1.9 "
(g) "Seven-county metropolitan area" means the counties listed in Minnesota
1.10Statutes, section 473.121, subdivision 4.
1.11 (h) "Nonmetropolitan counties" means all counties in Minnesota not included in the
1.12seven-county metropolitan area."
1.13Page 5, line 33, before "
an", insert "
(a)"
1.14Page 5, line 34, before "
the amount", insert "
a percentage of"
1.15Page 5, line 35, delete everything after the period and insert:
1.16 "
(b) The credit percentage equals 75 percent of the amount donated unless the
1.17individual or corporate taxpayer provides a written commitment to the qualified foundation
1.18of the intent to donate the same amount for two consecutive tax years, in which case
1.19the credit percentage equals 90 percent. The commissioner may require the taxpayer to
1.20provide documentation of the two year donation commitment.
1.21 (c) The maximum annual credit allowed, without regard to the credit percentage,
1.22is $20,000 for married joint filers, $10,000 for other individual filers, and $100,000 for
1.23corporate filers."
1.24Page 5, delete line 36
1.25Page 6, delete lines 1 and 2
1.26Page 6, line 4, before the period insert "
for donations to qualified foundations in
1.27either (i) the seven-county metropolitan area or (ii) nonmetropolitan counties"
2.1Page 6, line 7, delete "
$10,000,000 per taxable year" and insert "
$7,000,000 per
2.2taxable year for donations to qualified foundations that make qualified grants in the
2.3seven-county metropolitan area and $3,000,000 per taxable year for donations to qualified
2.4foundations that make qualified grants in nonmetropolitan counties"
2.5Page 6, line 16, before the semicolon insert "
, specifying if the foundation intends
2.6to use the donation to make qualified grants in the seven-county metropolitan area or in
2.7nonmetropolitan counties"
2.8Page 7, line 18, before the period insert "
and if the foundation intends to use
2.9the donation to make qualified grants in the seven-county metropolitan area or in
2.10nonmetropolitan counties"
2.11Renumber the sections in sequence and correct the internal references
2.12Amend the title accordingly