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1998 SESSION

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HB 680 Income tax; subtraction for first $15,000 of military basic pay.

Introduced by: M. Kirkland Cox | all patrons    ...    notes | add to my profiles

SUMMARY:

Income tax; subtraction for first $15,000 of military basic pay. For taxable years beginning on or after January 1, 1999, allows a subtraction of $15,000 from income tax for military basic pay with such amount being reduced dollar-for-dollar when the taxpayer's military basic pay exceeds $15,000 and no deduction allowed if such basic pay equals or exceeds $30,000.


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