2005 Regular Session

HOUSE BILL 1394

File Code: Taxes - Income Prior Year Introduction As: HB 1039/04 - W&M
Sponsored By:
Delegate Hogan
Entitled:
Lead-Safe Housing - Income Tax Credit

Synopsis:

Allowing an individual or a corporation to claim a credit against the State income tax for costs incurred for an approved lead hazard reduction project for qualifying property, as defined; providing for calculation of the credit; providing for submission of proposals for lead hazard reduction projects to the Department of Housing and Community Development for approval; limiting to $5,000,000 the total amount of credits that the Department may approve for any fiscal year; etc.

History by Legislative Date

House Action
2/18
First Reading House Rules and Executive Nominations
3/14
Re-referred Ways and Means
3/23
Hearing 3/29 at 1:00 p.m.
4/1
Unfavorable Report by Ways and Means
Senate Action
No Action

Bill indexed under the following Subjects:

CRIMES AND PUNISHMENTS -see also- PENALTIES; SENTENCES; etc.
DAY CARE
ENVIRONMENT, DEPARTMENT OF
HAZARDOUS AND TOXIC SUBSTANCES -see also- ASBESTOS; RADIATN.
HOUSING AND COMMUNITY DEVELOPMENT, DEPARTMENT OF
HOUSING -see also- APARTMENTS; CONDOMINIUMS; MOBILE HOMES
INCOME TAX
INSPECTIONS -see also- MOTOR VEHICLE INSPECTION
LABORATORIES
PENALTIES
RULES AND REGULATIONS
TAX CREDITS -see also- CIRCUIT BREAKER

Bill affects the following Statute:

Tax - General
( 10-725 )

Documents:

Bill Text (Displayed in PDF Format): First Reading, Third Reading, Enrolled
Fiscal Note (Displayed in PDF Format): Available
Amendments: None offered