Description: Income tax; authorize a credit for expenses of keeping an elderly relative in the household of a taxpayer.
Bill Text: [Introduced]
History of Actions:
|1||01/04 (S) Referred To Finance|
|2||02/22 (S) Died In Committee|
|Effective date||January 1, 2006|
|Vote type required||Three/Fifths|
Principal Author: Burton
Title: AN ACT TO PROVIDE AN INCOME TAX CREDIT FOR COSTS INCURRED BY A TAXPAYER RELATED TO KEEPING A RELATIVE OF THE TAXPAYER WHO IS SIXTY-FIVE YEARS OF AGE OR OLDER IN THE TAXPAYER'S HOUSEHOLD; TO LIMIT THE MAXIMUM AMOUNT OF THE CREDIT; TO PROVIDE THAT ANY UNUSED TAX CREDIT SHALL NOT BE ALLOWED TO BE CARRIED FORWARD TO APPLY TO THE TAXPAYER'S SUCCEEDING YEARS' TAX LIABILITY; AND FOR RELATED PURPOSES.
End Of Document