2007 Regular Session

SENATE BILL 225

File Code: Taxes - Income Prior Year Introduction As: SB 742/06
Sponsored By:
Senator McFadden
Entitled:
Teacher Incentive Act of 2007

Synopsis:

Allowing specified classroom teachers in specified public schools teaching specified subjects to claim an income tax credit of $1,500; providing that the credit may not exceed the State income tax for the taxable year and that any unused credit may not be carried over to any other taxable year; applying the Act to tax years beginning after December 31, 2006; etc.

History by Legislative and Calendar Date

Senate Action
1/29
First Reading Budget and Taxation
Hearing 2/7 at 1:00 p.m.
3/12
Unfavorable Report by Budget and Taxation
House Action
No Action

Bill indexed under the following Subjects:

Income Tax
Public Schools
Special Education
Tax Credits -see also- Circuit Breaker
Teachers

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