2008 Regular Session

SENATE BILL 173

File Code: Taxes - Income
Sponsored By:
Senators Astle, Brinkley, and Robey
Entitled:
Income Tax - Credit for Installation of Fire Suppression Systems

Synopsis:

Allowing a credit against the State income tax for specified costs of fire suppression systems; providing that the credit may not exceed the State income tax for that taxable year and that any unused credit may be carried over to another taxable year; allowing specified taxpayers to claim a refund of the credit; defining terms; applying the Act to tax 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.
Senate Action
1/18
First Reading Budget and Taxation
1/23
Hearing 2/6 at 1:00 p.m.
1/25
Hearing cancelled
Hearing 1/30 at 1:00 p.m.
3/13
Favorable with Amendments Report by Budget and Taxation
Favorable with Amendments Report Adopted
Second Reading Passed with Amendments
3/17
Third Reading Passed (46-0)
House Action
3/15
First Reading Ways and Means
3/19
Hearing 3/27 at 1:00 p.m.

Sponsored by:

Senator John C. Astle, District 30
Senator David R. Brinkley, District 4
Senator James N. Robey, District 13

Bill indexed under the following Subjects:

Equipment -see also- Motor Vehicle Equipment
Fire Protection
Historical Matters
Income Tax
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 (Displayed in PDF Format):
Senate
Number: 649835/01     Offered on: March 13, 2008   at: 11:18 a.m.     Status: Adopted
Roll Call Vote (Legislative date is shown):
Senate
March 17, 2008: Third Reading Passed (46-0)