SB0180 (CH0229)

Find a 2017 Bill:

2017 Regular Session



Independent Living Tax Credit Act

Sponsored by:

Senator Peters


Approved by the Governor - Chapter 229

Synopsis:Allowing an individual a credit against the State income tax equal to 50% of the renovation costs incurred during the taxable year to provide accessibility and visitability features to an existing home; providing that the credit may not exceed $5,000; requiring applicants to file a specified application and an amended return; applying the Act to all taxable years beginning after December 31, 2017; requiring the Department of Housing and Community Development to administer the credit which may not exceed $1,000,000 in a calendar year; etc.
Analysis:Fiscal and Policy Note (Revised)
All Sponsors:Senators Peters, Currie, Feldman, Guzzone, King, and Manno
Additional Facts:Cross-filed with: HB0644
Introduced in a prior session as: SB0819 Session: 2016 Regular Session
Bill File Type: Regular
Effective Date(s): July 1, 2017
Budget and Taxation  View Committee HearingWays and Means  View Committee Hearing
Broad Subject(s):Taxes - Income
Narrow Subject(s):Construction
Corporations -see also- Municipal Corps; Public Corps & Inst
Disabilities, Department of
Disabilities -see also- Blind; Deaf; Developmental
Home Improvement
Housing and Community Development, Department of
Nonprofit Organizations
Rules and Regulations
Tax Credits
Statutes:Article - Tax - General

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November 28, 2017 1:09 P.M.