Vermont 2023-2024 Regular Session

Vermont Senate Bill S0166

Introduced
1/3/24  

Caption

An act relating to the Vermont charitable contribution credit

Impact

The legislation directly impacts the existing provisions regarding the Vermont charitable contribution credit under state tax law. It amends the existing statute to ensure that lawfully taken game is recognized as a valid charitable contribution, thereby expanding the scope of what qualifies for tax deductions. This change could potentially boost charitable activities related to food banks and community organizations that support individuals in need by providing them with donated game meat.

Summary

Bill S0166, introduced by Senator Perchlik, aims to clarify the eligibility of donations of lawfully taken game for the Vermont charitable contribution credit. This credit is a nonrefundable tax incentive provided to individuals who contribute to qualified charitable organizations. By explicitly including donations of game that complies with state regulations, the bill seeks to enhance the tax benefits for individuals who engage in lawful hunting and choose to donate their harvest to organizations.

Contention

While the bill appears straightforward, it may raise discussions about the implications of recognizing game donations in taxation. Supporters are likely to argue that it incentivizes both ethical hunting and support for charitable causes, contributing to community welfare. However, critics may express concerns regarding the appropriateness of valuing game donations in terms of tax benefits, potentially leading to debates over conservation ethics and the commodification of wildlife.

Companion Bills

No companion bills found.

Previously Filed As

VT H0701

An act relating to the Vermont earned income tax credit and the Vermont child tax credit

VT S0051

An act relating to Vermont income tax exclusions and tax credits

VT H0090

An act relating to the Vermont earned income tax credit and the Vermont child tax credit

VT H0167

An act relating to establishing the Vermonters Feeding Vermonters Grant at the Agency of Agriculture, Food and Markets

VT S0001

An act relating to providing Medicaid-equivalent coverage to all Vermonters

VT H0153

An act relating to Vermont tax incentives

VT H0471

An act relating to technical and administrative changes to Vermont’s tax laws

VT S0303

An act relating to supporting Vermont's young readers

VT H0267

An act relating to the Vermont Hospital Security Plan

VT H0800

An act relating to creating the Vermont Olympics Task Force

Similar Bills

No similar bills found.