Legislation

Allowing a record owner of a specified new dwelling to claim a credit against the State income tax in an amount equal to $1.25 for each square foot of the new dwelling if a specified automatic fire sprinkler system is installed in the new dwelling; requiring the State Fire Marshal to approve applications for the credit in a specified manner; limiting the total amount of credits that may be approved to $1,000,000 in any taxable year; applying the Act to all taxable years beginning after December 31, 2015; etc.

Committees

Original:: Ways and Means Click to view Recorded Media

Details

Cross-filed with: SB0728

Bill File Type: Regular

Effective Date(s): July 1, 2016

History

Legislation History
Chamber House Calendar Date 2/10/2016 Legislative Date 2/11/2016 Action First Reading Ways and Means Proceedings
Chamber House Calendar Date 2/12/2016 Legislative Date 2/12/2016 Action Hearing 3/08 at 1:00 p.m. Proceedings
Chamber House Calendar Date 4/11/2016 Legislative Date 4/11/2016 Action Favorable with Amendments Report by Ways and Means Proceedings

Chamber	Calendar Date	Legislative Date	Action
House	2/10/2016	2/11/2016	First Reading Ways and Means
House	2/12/2016	2/12/2016	Hearing 3/08 at 1:00 p.m.
House	4/11/2016	4/11/2016	Favorable with Amendments Report by Ways and Means

Documents

Date Posted	Document Name
2/11/2016	Text - First - Income Tax Credit - New Dwellings - Automatic Fire Sprinkler Systems
4/11/2016	Vote - House - Committee - Ways and Means

File Code

Subjects

Statutes