File Code: Income
- Sponsored By:
-
Delegates Rosapepe, Dypski, Exum, Genn, Hecht, Howard, McIntosh, B.
Hughes, Valderrama, and Benson
- Entitled:
-
Children's Income Tax Credit
Allowing an individual a credit against the State income tax for each
child under the age of 18 years for whom the individual is allowed to
deduct an exemption; providing per child credit amounts based on an
individual's federal adjusted gross income, as follows: $400 per child
for incomes under $50,000, $300 per child for incomes from $50,000 to
$100,000, $200 per child for incomes from $100,000 to $150,000, and
$100 per child for incomes over $150,000; making excess credit
refundable; and applying the Act to tax years after 1997.
House Action
- 2/10
- First Reading Ways and Means
- Hearing 2/18 at 1:00 p.m.
- 3/18
- Unfavorable Report by Ways and Means
Senate Action
- No Action
- Sponsored by:
- Delegate James C. Rosapepe, District 21
- Delegate Joanne C. Benson, District 24
- Delegate Cornell N. Dypski, District 46
- Delegate Nathaniel Exum, District 24
- Delegate Gilbert J. Genn, District 16
- Delegate Sue C. Hecht, District 3
- Delegate Carolyn J. B. Howard, District 24
- Delegate Brenda B. Hughes, District 25
- Delegate Maggie L. McIntosh, District 42
- Delegate David M. Valderrama, District 26
- Bill indexed under the following Subjects:
- EXEMPTIONS
- INCOME TAX
- MINORS -see also- AGE OF MAJORITY; JUVENILE CAUSES; YOUTH
- TAX CREDITS
- Bill affects the following Statute:
- Tax - General
- (
10-708
)
- Bill Text:
- First Reading (PDF),
Third Reading, Enrolled
- Fiscal Note:
Available (PDF)