SCS/SB 318 - This act increases the state income tax personal exemption amounts, for all taxable years beginning on or after January 1, 1999, as follows: for singles and for married taxpayers filing separate returns the personal exemption is increased from the current $1,200 to $2,100, and for married taxpayers filing a combined return, the amount is increased from $2,400 to $4,200, For a head of household or a surviving spouse the exemption amount is increased from the current $2,000 to $3,500. Portions of this act are similar to CCS/SS/SCS/HS/HB 516.
RUSS HEMBREE

SA 3 - CHANGES THE INCOME TAX DEDUCTION FOR HEALTH INSURANCE BY SELF-EMPLOYED INDIVIDUALS, SPOUSES AND DEPENDENTS TO BEGIN IN 2000, RATHER THAN IN 1999. SA 4 - CURRENT LAW AUTHORIZES A STATE INCOME TAX CREDIT EQUAL TO FIFTY PERCENT OF CASH CONTRIBUTIONS TO QUALIFIED MATERNITY HOMES AND TO SHELTERS FOR VICTIMS OF DOMESTIC VIOLENCE. THIS ACT ALLOWS THE CREDIT TO BE TAKEN FOR CONTRIBUTIONS OF STOCKS, BONDS AND OTHER MARKETABLE SECURITIES. MATERNITY HOMES AND SHELTERS FOR VICTIMS OF DOMESTIC VIOLENCE ARE PERMITTED TO DECLINE ANY CONTRIBUTION. SA 5 - EXPANDS THE INCOME TAX CREDIT FOR SPECIAL NEEDS ADOPTIONS TO ALLOW THE CREDIT FOR NONRECURRING ADOPTION EXPENSES FOR THOSE WHO ARE PROCEEDING IN GOOD FAITH TO ADOPT A SPECIAL NEEDS CHILD. THE CREDIT MAY BE ASSIGNED, TRANSFERRED OR SOLD. SA 8 - CLARIFIES THAT THE CURRENT PROPERTY TAX EXEMPTION FOR PROPERTY USED EXCLUSIVELY FOR AGRICULTURAL OR HORTICULTURAL SOCIETIES INCLUDES NOT-FOR-PROFIT AGRI-BUSINESS ASSOCIATIONS.