File Code: Taxes - Income
- Sponsored By:
-
Delegates Phillips and Zirkin
- Entitled:
-
Income Tax Credit - Monetary Contributions for Extracurricular
Activities
Allowing a credit against the State income tax for monetary
contributions up to $500 made by individuals or corporations to State
public schools for extracurricular activities or for equipment needed
for extracurricular activities, subject to a specified limitation;
providing for a specified reduction of itemized deductions if
specified credits are claimed; providing for the carryover of unused
credit; and applying the Act to tax years after 2000.
House Action
- 2/9
- First Reading Ways and Means
- 2/28
- Hearing 3/14 at 1:00 p.m.
- 3/26
- Unfavorable Report by Ways and Means
Senate Action
- No Action
- Sponsored by:
- Delegate Wendell F. Phillips, District 41
- Delegate Robert A. Zirkin, District 11
- Bill indexed under the following Subjects:
- EQUIPMENT -see also- MOTOR VEHICLE EQUIPMENT
- GIFTS
- INCOME TAX
- PUBLIC SCHOOLS
- TAX CREDITS -see also- CIRCUIT BREAKER
- Bill affects the following Statutes:
- Tax - General
- (
10-218 ,
10-722
)
- Bill Text:
First Reading (PDF),
Third Reading, Enrolled
- Fiscal Note:
Available (PDF)
- Amendments:
None offered