2008 Regular Session

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