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1997 SESSION

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HB 1480 Income tax, state; credit for taxes paid to other states.

Introduced by: I. Vincent Behm, Jr. | all patrons    ...    notes | add to my profiles

SUMMARY:

Credit for taxes paid to other states. Extends the state income tax credit for taxes paid on income to other states to include recognized capital gain on the sale of any capital asset, to the extent such gain is included in federal adjusted gross income. Current law limits the credit to any earned income or business income or gain on the sale of a principal residence.

FULL TEXT

• 01/22/96  House: Presented & ordered printed 963327127  pdf

HISTORY

• 01/22/96  House: Presented & ordered printed 963327127
• 01/22/96  House: Referred to Committee on Finance
• 01/24/96  House: Assigned to Finance sub-committee: 2
• 02/13/96  House: Continued to 1997 in Finance (22-Y 0-N)
• 12/20/96  House: No action taken by Finance by voice vote