2002 Regular Session

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