SENATE BILL 786

File Code: Taxes - Income Crossfiled with: HOUSE BILL 861

Sponsored By:

Senator Teitelbaum

Entitled:

Tax Credit for Cost of Automated External Defibrillator

Synopsis:

Allowing an individual or business entity to claim a credit against the State income tax for 25% of the purchase price of an automated external defibrillator; providing that the credit may not exceed the lesser of $1,000 or the State income tax for that taxable year and that any unused credit may not be carried over to any other taxable year; and making the credit applicable to all tax years after 2002.

History by Legislative Date

Senate Action

2/8

First Reading Senate Rules

2/14

Re-referred Budget and Taxation

3/12

Hearing 3/19 at 1:30 p.m.

4/5

Unfavorable Report by Budget and Taxation

House Action

No Action

Bill indexed under the following Subjects:

EQUIPMENT -see also- MOTOR VEHICLE EQUIPMENT

HEALTH -see also- MENTAL HEALTH

INCOME TAX

TAX CREDITS -see also- CIRCUIT BREAKER

Bill affects the following Statute:

Tax - General

( 10-724 )

Documents:

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

Fiscal Note: Available (PDF)

Amendments: None offered