Notwithstanding any general or special law or any certificate of incorporation, charter, or other articles of organization, all domestic or domesticated corporations, associations, and other taxable entities carrying on business in this state and any person are authorized to make contributions of money, property, or other thing of value to the corporation for any of its corporate purposes; and the value thereof shall be allowed as a deduction in computing the taxable income of the donor for the purpose of any income tax imposed by the state or by any political subdivision of the state.
Section: Previous 20-3-276 20-3-277 20-3-278 20-3-279 20-3-280 20-3-281 20-3-282 20-3-283 20-3-284 20-3-285 20-3-286 20-3-287 20-3-288 20-3-289 20-3-290 NextLast modified: October 14, 2016