HOUSE BILL 511

File Code: Taxes - Income

Sponsored By:

Delegates Boutin, W. Baker, Elliott, Fulton, Greenip, Klima, La Vay, Minnick, Ports, Redmer, Snodgrass, Stocksdale, and Stull

Entitled:

Income Tax - Credit for Contributions to School Tuition Organizations

Synopsis:

Allowing an individual or a corporation a credit against the State income tax for contributions to specified school tuition organizations, subject to a specified limitation; providing for the carryover of unused credit if the credit exceeds the total tax payable for a taxable year; providing for a reduction of itemized deductions if specified credits are claimed under specified circumstances; and generally relating to a State income tax credit for specified contributions to specified school tuition organizations.

History by Legislative Date

House Action

1/31

First Reading Ways and Means

2/13

Hearing 2/26 at 1:00 p.m.

3/11

Unfavorable Report by Ways and Means

Senate Action

No Action

Sponsored by:

Delegate Charles R. Boutin, District 34

Delegate Wheeler R. Baker, District 36

Delegate Donald B. Elliott, District 4B

Delegate Tony E. Fulton, District 40

Delegate Janet Greenip, District 33

Delegate Martha S. Klima, District 9A

Delegate Richard La Vay, District 15

Delegate Joseph J. Minnick, District 7

Delegate James F. Ports, Jr., District 8

Delegate Alfred W. Redmer, Jr., District 8

Delegate Louise V. Snodgrass, District 3

Delegate Nancy R. Stocksdale, District 5

Delegate Paul S. Stull, District 4A

Bill indexed under the following Subjects:

EXEMPTIONS

GIFTS

INCOME TAX

NONPROFIT ORGANIZATIONS

PRIVATE SCHOOLS

SCHOLARSHIPS

TAX CREDITS -see also- CIRCUIT BREAKER

Bill affects the following Statutes:

Tax - General

( 10-218 , 10-724 )

Documents:

Bill Text: First Reading (PDF), Third Reading, Enrolled

Fiscal Note: Available (PDF)

Amendments: None offered