HB214 CREATES INCOME TAX CREDIT OF UP TO TWO HUNDRED DOLLARS FOR REAL PROPERTY TAX PAYMENTS BY CORPORATIONS AND INDIVIDUALS.
Sponsor: Parker, Kelly (150) Effective Date:01/01/1999
CoSponsor: LR Number:0398-02
Last Action: 01/25/1999 - Referred: Ways and Means (H)
HB214
Next Hearing:Hearing not scheduled
Calendar:Bill currently not on calendar
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Available Bill Summaries for HB214 Copyright(c)
* Introduced

Available Bill Text for HB214
* Introduced *

Available Fiscal Notes for HB214
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BILL SUMMARIES

INTRODUCED

HB 214 -- Income Tax Credit for Property Tax

Sponsor:  Parker

This bill authorizes a corporate and individual income tax
credit for real property taxes paid by a taxpayer.  The credit
is limited annually to the lesser of $200 or 50% of real
property taxes paid by the taxpayer during the taxable year.

This bill will become effective January 1, 1999.


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Last Updated September 30, 1999 at 1:23 pm