SB 814 Creates a tax credit for low-income household purchases of computers for educational purposes
Sponsor: Coleman
LR Number: 3206S.01I Fiscal Note: 3206-01
Committee: Ways & Means
Last Action: 2/2/2006 - Voted Do Pass S Ways & Means Committee Journal Page:
Title: Calendar Position:
Effective Date: August 28, 2006

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Current Bill Summary

SB 814 - The act provides a taxpayer that meets the definition of a "qualified individual household" and has primary custody of one or more dependent children, a tax credit equal to the purchase price of a personal computer purchased by the taxpayer for educational use by such taxpayer's dependent children during tax years beginning on or after January 1, 2007. The tax credit is non-refundable, but may be carried forward for three years. The credit is available regardless of whether the taxpayer elects to take a standard deduction.