SENATE BILL 643

File Code: Taxes - Income

Sponsored By:

Senator Haines

Entitled:

State Income Tax Credit

Synopsis:

Allowing an individual other than a fiduciary to claim a credit against the State income tax of $150 for each dependent for which the individual may deduct an exemption to determine federal taxable income; limiting the amount of the credit to the amount of the State income tax for the taxable year; and applying the Act to tax years beginning after December 31, 1996.

Legislative History

Senate Action

2/2

First Reading Budget and Taxation

2/28

Hearing 3/15 at 12:00 p.m.

3/6

Hearing cancelled

Hearing 3/15 at 2:00 p.m.

3/14

Hearing cancelled

3/18

Withdrawn

House Action

No Action

Bill indexed under the following Subjects:

EXEMPTIONS

INCOME TAX

TAX CREDITS

Bill affects the following Statute:

Tax - General

( 10-707 )

Documents:

Bill Text:

First Reading (PDF), Third Reading, Enrolled

Fiscal Note: Available (PDF)

Amendments: None available