HOUSE BILL 1135

File Code: Taxes - Income Prior Year Introduction As: HB 50/06 - W&M

Sponsored By:

Delegates Stukes and Ross

Entitled:

Income Tax - Credit for Security Expenses

Synopsis:

Allowing specified business entities a credit for specified years against the State income tax for specified expenses incurred for the purchase and installation of specified security devices under specified circumstances; limiting the total amount of credits a business entity may claim in any taxable year to $10,000; etc.

History by Legislative and Calendar Date

House Action

2/16

First Reading House Rules and Executive Nominations

2/26

Re-referred Ways and Means

2/28

Hearing 3/22 at 1:00 p.m.

Senate Action

No Action

Sponsored by:

Delegate Melvin Stukes, District 44

Delegate Justin D. Ross, District 22

Bill indexed under the following Subjects:

Administrative Agencies -see also- Electronic Government

Commerce and Business -see also- Dealers; Traders; etc

Electronic Surveillance -see also- Wiretapping

Emergencies

Equipment -see also- Motor Vehicle Equipment

Housing -see also- Apartments; Condominiums; Mobile Homes

Income Tax

Nonprofit Organizations

Rules and Regulations

Safety -see also- Occupational Safety

Security Alarms

Tax Credits -see also- Circuit Breaker

Bill affects the following Statute:

Tax - General

( 10-726 )

Documents:

Bill Text (Displayed in PDF Format): First Reading, Third Reading, Enrolled

Fiscal and Policy Note (Displayed in PDF Format): Available

Amendments: None offered