- Title
- Income Tax - Credit for Individuals Without Motor Vehicles (One Less Car Act of 2024)
- Sponsored by
- Delegate R. Lewis
- Status
- In the House - Hearing 2/01 at 1:00 p.m.
- Analysis
- Fiscal and Policy Note
Synopsis
Allowing, for taxable years beginning after December 31, 2023, but before January 1, 2029, a credit against the State income tax for certain qualified taxpayers if, for at least 6 months of the taxable year, the taxpayers were not listed as an insured on another individual's personal motor vehicle liability insurance policy and the taxpayers and entities controlled by the taxpayers or the taxpayers' dependents did not own or lease a motor vehicle required to be registered with a state; making the credit refundable; etc.
Committees
- Original:
- Ways and Means Click to view Recorded Media
Committee Testimony
Details
Bill File Type: Pre-Filed
Effective Date(s): July 1, 2024
History
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Statutes
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10-758 )
Last Updated: 4/15/2024 2:23 PM