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2012 SESSION

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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.


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