John M. W. Moorlach
- Republican
Author
The Personal Income Tax Law, in modified conformity with federal income tax laws, allows various deductions from gross income in computing adjusted gross income under that law, including deductions for payments to individual retirement accounts, alimony payments, and interest on educational loans. This bill, for taxable years beginning on or after January 1, 2016, and before January 1, 2021, would allow a deduction in computing adjusted gross income for those amounts contributed to a Coverdell education savings account, up to $750 per taxable year, as provided. The bill, for taxable years beginning on or after January 1, 2016, and before January 1, 2021, would also allow a deduction in computing adjusted gross income, not to exceed $2,500, for the cost of education-related expenses of the taxpayer's dependent child or children attending public or private school, as specified. This bill would take effect immediately as a tax levy.
No votes to display
May 11 set for second hearing canceled at the request of author.
Set for hearing May 11.
April 27 set for first hearing canceled at the request of author.
Set for hearing April 27.
Read first time.
From printer. May be acted upon on or after March 23.
Introduced. To Com. on RLS. for assignment. To print.
| Bill Text Versions | Format |
|---|---|
| SB1437 | HTML |
| 02/19/16 - Introduced |
| Document | Format |
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| No related documents. |
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