Legislation
- Title
- Income Tax Credit - Class F Vehicles - Modification and Extension
- Sponsored by
- Delegates Hixson, Patterson, Turner, and M. Washington
- Status
- In the Senate - Rereferred to Budget and Taxation
- Analysis
- Fiscal and Policy Note (Revised)
Synopsis
Making specified modifications to the State income tax credit for the expense of registering specified qualified vehicles in the State; requiring a taxpayer to obtain a tax credit certificate from the Motor Vehicle Administration to receive the credit; limiting to $10,000 the aggregate amount of tax credit certificates the Administration may issue to any one taxpayer and to $500,000 to all taxpayers in a taxable year; applying the Act to all taxable years beginning after December 31, 2016, but before January 1, 2020; etc.
Committees
- Original:
- Ways and Means Click to view Recorded Media
- Opposite:
- Budget and Taxation
Details
History
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Statutes
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(
10-734.1 )
Last Updated: 2/3/2020 2:30 PM