SENATE BILL 388

File Code: Taxes - Income Prior Year Introduction As: SB 666/07

Sponsored By:

Senators McFadden and Miller

Entitled:

Income Tax Credit for Graduate Level Education - Nonpublic School Teachers

Synopsis:

Allowing teachers in specified nonpublic schools to claim a credit against the State income tax under specified circumstances for up to $1,500 of tuition paid by the teacher for graduate level education required to maintain certification; and applying the Act to tax years after 2007.

History by Legislative and Calendar Date

Legislative date is used to record history occuring in the Chambers otherwise Calendar date is used.

Senate Action

1/30

First Reading Budget and Taxation

2/6

Hearing 2/20 at 1:00 p.m.

2/13

Hearing cancelled

Hearing 2/27 at 1:00 p.m.

House Action

No Action

Sponsored by:

Senator Nathaniel J. McFadden, District 45

Senator Thomas V. Mike Miller, Jr., District 27

Bill indexed under the following Subjects:

Higher Education -see also- Comm Colleges; Med Schools; etc.

Income Tax

Private Schools

Tax Credits -see also- Circuit Breaker

Teachers

Tuition

Bill affects the following Statute:

Tax - General

( 10-717 )

Documents:

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

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

Amendments: None offered