SENATE BILL 204

File Code: Income Crossfiled with: HOUSE BILL 378

Sponsored By:

Senator Della

Entitled:

State Income Tax - Credit for Federal Harbor Maintenance Tax Paid

Synopsis:

Allowing an individual or a corporation a credit against the State income tax for harbor maintenance tax paid to the federal government during the taxable year with respect to the shipment of break-bulk cargo or containerized cargo by sea and ocean-going vessels through a port located in the State; providing for the carryforward of unused credit if the amount of the credit exceeds the State income tax; defining terms; and applying the Act to tax years after 1996.

Legislative History

Senate Action

1/17

First Reading Budget and Taxation

1/22

Hearing 2/5 at 1:00 p.m.

1/30

Hearing cancelled

Hearing 2/5 at 1:30 p.m.

3/3

Unfavorable Report by Budget and Taxation

House Action

No Action

Bill indexed under the following Subjects:

FEDERAL GOVERNMENT

INCOME TAX

PORTS

REVENUE AND TAXES -see also specific taxes -

TAX CREDITS

Bill affects the following Statute:

Tax - General

( 10-708 )

Documents:

Bill Text:

First Reading (PDF), Third Reading, Enrolled

Fiscal Note: Available (PDF)