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2012 SESSION
HB 19 Income tax, state; deduction for certain purchases from space flight entities.
Introduced by: Terry G. Kilgore | all patrons ... notes | add to my profiles
SUMMARY AS INTRODUCED:
Individual income tax deduction for certain purchases from space flight entities. Provides an individual income tax deduction in the amount paid for a prepaid contract entered into with a commercial space flight entity to place the taxpayer's cremated remains in earth or lunar orbit. The deduction shall not exceed $8,000 in total and shall not exceed $2,500 in any one tax year. The bill is effective for taxable years beginning on or after January 1, 2013, but before January 1, 2021.
FULL TEXT
HISTORY
- 12/05/11 House: Prefiled and ordered printed; offered 01/11/12 12100278D
- 12/05/11 House: Referred to Committee on Finance
- 01/12/12 House: Assigned Finance sub: Subcommittee #2
- 02/08/12 House: Subcommittee recommends laying on the table by voice vote
- 02/14/12 House: Left in Finance