SB 0115 Income tax deductions for certain elementary and secondary school expenses
LR Number:0528L.01I Fiscal Note:0528-01
Committee:Ways and Means
Last Action:01/18/01 - Second Read and Referred S Ways & Means Committee Journal page:S116
Effective Date:January 1, 2002
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Current Bill Summary

SB 115 - This act authorizes a state income tax deduction, for both individuals and corporate taxpayers, for the costs of school tuition, attendance fees, school supplies or transportation costs for students in grades nine through twelve. The deduction is capped at $2,500 per dependent.

The act is similar to SB 599 (2000) and SB 3 (1999).

The act has an effective date.