Bill Text | History of Actions | Background | Title |
Description: Income tax; provide a credit for higher education tuition and fees.
Bill Text: [Introduced]
| 1 | 02/07 (H) Referred To Ways and Means | |
| 2 | 02/21 (H) Died In Committee |
| Effective date | January 1, 2007 | |
| Disposition | Dead | |
| Deadline | Revenue | |
| Revenue | Yes | |
| Vote type required | Three/Fifths |
House Committee:
Principal Author: Fleming
Title: AN ACT TO PROVIDE AN INCOME TAX CREDIT FOR ANY TAXPAYER WHO PAYS CERTAIN HIGHER EDUCATION TUITION AND FEES FOR A STUDENT THAT THE TAXPAYER CLAIMS AS A PERSONAL EXEMPTION FOR FEDERAL AND STATE INCOME TAX PURPOSES; TO LIMIT THE AMOUNT OF THE CREDIT THAT MAY BE CLAIMED UNDER THIS ACT; TO PROVIDE THAT IF THE AMOUNT OF CREDIT CLAIMED BY A TAXPAYER EXCEEDS THE AMOUNT OF INCOME TAX IMPOSED UPON THE TAXPAYER FOR THE TAXABLE YEAR, THEN THE TAXPAYER SHALL RECEIVE A REFUND FROM THE STATE TAX COMMISSION FOR THE AMOUNT OF SUCH EXCESS; AND FOR RELATED PURPOSES.
End Of Document
2007/html/History/HB/HB1638.htm