HOUSE BILL 1216

File Code: Taxes - Income Crossfiled with: SENATE BILL 844

Sponsored By:

Delegate Walker

Entitled:

Partnership for Student Education and Community Investment Tax Credit

Synopsis:

Providing a tax credit against the State income tax for contributions made to specified student assistance organizations; requiring the Department of Business and Economic Development to administer the tax credit; requiring specified entities to submit an application to be a student assistance organization by January 1 of each year; establishing the Partnership for Student Education and Community Investment Tax Credit Reserve Fund; applying the Act to taxable years beginning after December 31, 2011; etc.

History by Legislative and Calendar Date

Legislative date is used to record history occurring in the Chambers otherwise Calendar date is used. For explanation of terms click here.

House Action

2/10

First Reading Ways and Means

2/22

Hearing 3/15 at 1:00 p.m.

Senate Action

No Action

Bill indexed under the following Subjects:

Appropriations

Business and Economic Development, Department of

Gifts

Income Tax

Nonprofit Organizations

Notices

Private Schools

Public Information

Public Schools

Reports

Revenue and Taxes -see also- Dev Fees &Taxes; specific tax

Rules and Regulations

Scholarships and Student Financial Aid

Students

Tax Credits -see also- Circuit Breaker

Bill affects the following Statutes:

Tax - General

( 10-205 , 10-205 , 10-306 , 10-731 )

Documents

All documents except Roll Call Votes are displayed in PDF format:

Bill Text: First Reading, Third Reading, Enrolled

Fiscal and Policy Note: Available

Amendments: None offered