- Committee -

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.

JEFF CRAVER