For contributions to the constitution or expansion of the endowment to foundations of the Autonomous Community of La Rioja
Regulations: Art. 33 Law 10/2017, of October 27, which consolidates the legal provisions of the Autonomous Community of La Rioja regarding own taxes and assigned taxes
Requirements and other conditions for the application of the deduction
That among the assets or rights of economic content computed for the determination of the tax base includes any that had been or were going to be allocated during the year following the date of accrual of the Tax to the constitution of a foundation or expansion of the foundation endowment of an existing one, provided that it is domiciled in La Rioja and registered in the census of entities and activities related to patronage and pursues purposes included in the Regional Patronage Strategy.
The amount that cannot be deducted due to insufficient quota may be used as a tax credit in the terms provided in Chapter II of the Patronage Law of the Autonomous Community of La Rioja.
Law 3/2021, of April 28, on Patronage of the Autonomous Community of La Rioja in its article 8, modified by article 3.One of Law 7/2021, of December 27, defines the tax credit as “ "those amounts recognized by the Administration of the Autonomous Community of La Rioja in favor of taxpayers that can be used by them to satisfy the payment of the taxes of the Autonomous Community."
For its part, article 9 of the aforementioned Patronage Law of the Autonomous Community of La Rioja provides that the Autonomous Community of La Rioja will recognize a tax credit in favor of donors for 25 percent of the business collaboration agreements or of the monetary amounts donated in favor of the Autonomous Community, provided that they are intended for the financing of spending programs or actions developed by its public sector that have as their objective the promotion of any of the activities provided for in article 1 of said law or the establishment of scholarships to pursue studies.
Finally, indicate regarding the validity of this tax credit that article 11 of Law 3/2021, of April 28, on Patronage of the Autonomous Community of La Rioja indicates that these tax credits recognized by the Autonomous Community of La Rioja will have a validity of ten years, counted from the date of their recognition.
25 percent of the value of the contribution made that must be included in the taxable base of the Tax.
For these purposes, the valuation criteria for the assets and rights provided will be those indicated in Chapter 3 of this manual within the section “ Formation of gross assets: rules for valuing assets and rights ”.
Loss of the right to the deduction made
Failure to comply with the aforementioned requirements will cause the loss of the right and the obligation to submit a complementary tax return with payment of the amount of deduction improperly applied plus the corresponding late payment interest.