SB 0982 Creates a tax credit for modifying a house to accommodate a disabled person
LR Number:4135S.01I Fiscal Note:4135-01
Committee:Ways and Means
Last Action:03/19/02 - SCS Voted Do Pass S Ways & Means Comm. (4135S.04C) Journal page:
Title:SCS SB 982
Effective Date:August 28, 2002
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Current Bill Summary

SCS/SB 982 - This act creates a tax credit for individuals within certain income ranges who incur costs for the purpose of making all or any portion of such taxpayer's home accessible to an individual with a disability. The credit reimbursement rate is graduated based on income level. The maximum credit per taxpayer, per year, is two thousand five hundred dollars. The maximum aggregate amount of tax credits which can be issued is ninety-five thousand dollars. The credits are issued on a first- come, first-serve basis.

The act takes effect on January 1, 2003 and expires December 31, 2008.