File Code: Income
- Sponsored By:
-
Delegates Shriver and Rosapepe
- Entitled:
-
Individual Development Accounts
Authorizing individuals to establish individual development accounts
eligible for tax benefits to be used for specified educational and
entrepreneurial purposes; providing an income tax subtraction
modification for up to $3,000 contributed for each taxable year to an
individual development account and for income of an individual
development account, if an individual's federal adjusted gross income
for the taxable year does not exceed $50,000; providing an addition
modification for nonqualifying distributions; etc.
House Action
- 2/25
- First Reading House Rules
- 3/3
- Re-referred Ways and Means
- Hearing 3/12 at 1:00 p.m.
- 4/4
- Unfavorable Report by Ways and Means
Senate Action
- No Action
- Sponsored by:
- Delegate Mark K. Shriver, District 15
- Delegate James C. Rosapepe, District 21
- Bill indexed under the following Subjects:
- COMMERCE AND BUSINESS -see also- SMALL BUSINESS
- EXEMPTIONS
- HIGHER EDUCATION -see also- STATE UNIVERSITIES AND COLLEGES.
- INCOME TAX
- REPORTS -see also- RECORDS
- Bill affects the following Statutes:
- Tax - General
- (
10-205 ,
10-205 ,
10-208 ,
10-208 ,
10-224
)
- Bill Text:
- First Reading (PDF),
Third Reading, Enrolled
- Fiscal Note:
Available (PDF)
