1996 Regular Session

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Withdrawn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