SB 717 Increases the amount of tax credits available for taxpayers who modify their home for disabled persons residing with such taxpayers
Sponsor: Kennedy Co-Sponsor(s)
LR Number: 3449S.01I Fiscal Note: 3449-01
Committee: Ways & Means
Last Action: 5/16/2008 - S Informal Calendar S Bills for Perfection--SB 717-Kennedy and Shields Journal Page:
Title: Calendar Position:
Effective Date: August 28, 2008

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Current Bill Summary


SB 717 - This act increases the amount of tax credits available for taxpayers who modify their home to be accessible for disabled people who reside with such taxpayer. Under current law, up to one hundred thousand dollars in tax credits remaining unused under the rebuilding communities tax credit program are allocated for use by taxpayers who modify their homes for disabled persons residing with such taxpayers. This act increases the amount of available tax credits by allocating all unused tax credits under the rebuilding communities tax credit program for use by taxpayers who modify their homes for disabled persons residing with such taxpayers. The rebuilding communities tax credit program is capped at ten million dollars annually.

JASON ZAMKUS