2005 Regular Session

SENATE BILL 597

File Code: Taxes - Income Crossfiled with: HOUSE BILL 529
Sponsored By:
Senators Kramer, DeGrange, and Hughes
Entitled:
Income Tax - Credit for Providing Adult Literacy Programs

Synopsis:

Allowing a business entity a credit against the State income tax of 50% of the cost of adult literacy services provided to an employee; applying the credit to taxable years 2006 through 2008; limiting the credit a business entity may claim in any taxable year to $50,000; etc.

History by Legislative Date

Senate Action
2/4
First Reading Budget and Taxation
2/16
Hearing 2/23 at 1:00 p.m.
House Action
No Action

Sponsored by:

Senator Rona E. Kramer, District 14
Senator James E. DeGrange, Sr., District 32
Senator Ralph M. Hughes, District 40

Bill indexed under the following Subjects:

COMMERCE AND BUSINESS -see also- DEALERS; TRADERS; etc
EDUCATION -see also- DRIVER ED; HIGHER ED; SPECIAL ED; etc
INCOME TAX
LANGUAGE
NONPROFIT ORGANIZATIONS
TAX CREDITS -see also- CIRCUIT BREAKER
WORK, LABOR AND EMPLOYMENT -see also- COL BARG; HOLIDAY; etc

Bill affects the following Statute:

Tax - General
( 10-725 )

Documents:

Bill Text (Displayed in PDF Format): First Reading, Third Reading, Enrolled
Fiscal Note (Displayed in PDF Format): Available
Amendments: None offered