Minn. Senate passes tax break for Haiti donations

The Minnesota Senate has given preliminary approval to a tax break for donations to Haiti earthquake relief.

The bill aims to encourage giving by allowing donors to deduct charitable contributions from their 2009 state income taxes.

It would apply to donations made specifically for Haiti relief efforts between Jan. 11 and March 1.

Corporations could also deduct Haiti donations from corporate franchise taxes.

The legislation would match up state and federal tax law. The estimated cost to the state would be $80,000 this year.

The Senate bill passed on a voice vote and is due for a final vote later this week. The House has yet to vote on its version of the bill.

(Copyright 2010 by The Associated Press. All Rights Reserved.)

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