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2011 SESSION
HB 734 Income tax, state; public school renovation tax credit.
Introduced by: David B. Albo | all patrons ... notes | add to my profiles
SUMMARY AS INTRODUCED:
Income tax; public school renovation tax credit. Provides an income tax credit to taxpayers that undertake and complete a public school renovation, in accordance with the provisions of the Public-Private Education Facilities and Infrastructure Act, for taxable years beginning on and after January 1, 2010. The amount of the credit is 25 percent of the taxpayer's eligible renovation expenses but cannot exceed $1 million in any one taxable year. Also, there is a cap of $100 million on the total amount of credits that may be allowed for all taxpayers in a taxable year.
FULL TEXT
HISTORY
- 01/12/10 House: Prefiled and ordered printed; offered 01/13/10 10103349D
- 01/12/10 House: Referred to Committee on Finance
- 01/25/10 House: Assigned Finance sub: #3
- 01/29/10 House: Subcommittee recommends continuing to 2011 (4-Y 0-N)
- 02/01/10 House: Continued to 2011 in Finance by voice vote
- 12/03/10 House: Left in Finance