2008 Regular Session

HOUSE BILL 186

File Code: Taxes - Income
Sponsored By:
Delegates Bates, Aumann, Frank, George, Impallaria, Kipke, McComas, Miller, Sossi, and Stocksdale
Entitled:
Great Schools Tax Credit Program

Synopsis:

Allowing an individual or a corporation a credit against the State income tax for specified contributions to specified scholarship- granting organizations; providing for the carryover of unused credits for 3 years; requiring scholarship-granting organizations to take specified actions to be eligible for donations for which a tax credit may be claimed; requiring the Comptroller to administer the Great Schools Tax Credit Program; applying the Act to taxable years after 2007; etc.

History by Legislative and Calendar Date

Legislative date is used to record history occuring in the Chambers otherwise Calendar date is used.
House Action
1/21
First Reading Ways and Means
2/6
Hearing 2/19 at 1:00 p.m.
3/3
Unfavorable Report by Ways and Means
Senate Action
No Action

Sponsored by:

Delegate Gail H. Bates, District 9A
Delegate Susan L. M. Aumann, District 42
Delegate William J. Frank, District 42
Delegate Ron George, District 30
Delegate Rick Impallaria, District 7
Delegate Nicholaus R. Kipke, District 31
Delegate Susan K. McComas, District 35B
Delegate Warren E. Miller, District 9A
Delegate Richard A. Sossi, District 36
Delegate Nancy R. Stocksdale, District 5A

Bill indexed under the following Subjects:

Comptroller
Gifts
Income Tax
Nonprofit Organizations
Private Schools
Public Schools
Reports
Rules and Regulations
Scholarships
Students
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