Legislation

Title: Income Tax Credit - Home Instruction Expenses
Sponsored by: Senators Jacobs, Brinkley, Colburn, Edwards, Getty, Glassman, Hershey, Jennings, Reilly, Shank, and Simonaire
Status: In the Senate - Unfavorable Report by Budget and Taxation
Analysis: Fiscal and Policy Note

Synopsis

Allowing a parent or guardian a credit against the State income tax for specified home instruction expenses; providing that the credit may not exceed $1,000; providing that the credit may be carried forward to the fifth taxable year after the taxable year in which the expenses were incurred; requiring the Comptroller, in consultation with the State Department of Education, to adopt specified regulations; defining specified terms; applying the Act to taxable years beginning after December 31, 2013; etc.

Committees

Original:: Budget and Taxation Click to view Recorded Media

Details

Bill File Type: Regular

Effective Date(s): July 1, 2014

History

Legislation History
Chamber Senate Calendar Date 1/17/2014 Legislative Date 1/17/2014 Action First Reading Budget and Taxation Proceedings
Chamber Senate Calendar Date 1/20/2014 Legislative Date 1/20/2014 Action Hearing 1/29 at 1:00 p.m. Proceedings
Chamber Senate Calendar Date 1/27/2014 Legislative Date 1/27/2014 Action Hearing cancelled Proceedings
Chamber Senate Calendar Date 1/27/2014 Legislative Date 1/27/2014 Action Hearing 1/29 at 1:45 p.m. Proceedings
Chamber Senate Calendar Date 2/07/2014 Legislative Date 2/10/2014 Action Unfavorable Report by Budget and Taxation Proceedings

Chamber	Calendar Date	Legislative Date	Action
Senate	1/17/2014	1/17/2014	First Reading Budget and Taxation
Senate	1/20/2014	1/20/2014	Hearing 1/29 at 1:00 p.m.
Senate	1/27/2014	1/27/2014	Hearing cancelled
Senate	1/27/2014	1/27/2014	Hearing 1/29 at 1:45 p.m.
Senate	2/07/2014	2/10/2014	Unfavorable Report by Budget and Taxation

Documents

Date Posted	Document Name
1/21/2014	Text - First - Income Tax Credit - Home Instruction Expenses
2/11/2014	Vote - Senate - Committee - Budget and Taxation

File Code

Subjects

Statutes