Increases the aggregate amount of tax credits allowed to taxpayers in a tax year for donations for individual development accounts.

Summary

Digest: The Act raises the cap on total tax credits allowed for IDA donations. (Flesch Readability Score: 63.4). Increases the aggregate amount of tax credits allowed to taxpayers in a tax year for donations for individual development accounts.<b> Aligns the date by which donations must be made to qualify for a credit with the underlying sunset date for the credit.</b>