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2004 SESSION

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HB 839 Income tax, state and corporate; credit for day-care facility investment.

Introduced by: Viola O. Baskerville | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Income tax; day-care facility investment tax credit. Adds expenditures for contracting out on-site child day-care services to the list of items and activities for which the day-care facility investment tax credit is allowed. There is language that removes certain restrictions regarding the approval of credit applications, including the one limiting the credit to $100,000 per year per taxpayer. The new provisions are effective for taxable years beginning on and after January 1, 2005.


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