SENATE BILL 32

Sponsored By:

Senator Colburn

Entitled:

Income Tax Credit - Oyster Restoration Activity

Synopsis:

Allowing an individual to claim a credit against the State income tax in the amount of $750 for participating in oyster restoration activities approved by the Department of Natural Resources or the Oyster Recovery Partnership; requiring an individual claiming the tax credit to submit a specified statement with the individual's income tax return; applying the Act to tax years after 2007; etc.

History by Legislative and Calendar Date

Senate Action

9/25

Pre-filed

1/9

First Reading Budget and Taxation

1/16

Hearing 1/23 at 1:00 p.m.

1/17

Hearing cancelled

Hearing 1/23 at 2:00 p.m.

3/31

Favorable with Amendments Report by Budget and Taxation

3/26

Favorable with Amendments Report Adopted

Second Reading Passed with Amendments

3/28

Third Reading Passed (46-0)

House Action

3/26

First Reading House Rules and Executive Nominations

4/3

Re-referred Ways and Means

Bill indexed under the following Subjects:

Conservation -see also- Soil Conservation

Income Tax

Licenses -see also- Alcoholic Bev Lic; Drivers` Licenses

Oysters

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: 409237/01     Offered on: March 31, 2008   at: 8:53 p.m.     Status: Adopted

Roll Call Vote (Legislative date is shown):

Senate

March 28, 2008: Third Reading Passed (46-0)