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2007 Regular Session bill information current as of October 3, 2007 - 11:20 p.m.
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HOUSE BILL 1135

File Code: Taxes - Income
Prior Year Introduction As: HB 50/06 - W&M

Sponsored By:
Delegates Stukes and Ross

Entitled:
Income Tax - Credit for Security Expenses

Synopsis:

Allowing specified business entities a credit for specified years against the State income tax for specified expenses incurred for the purchase and installation of specified security devices under specified circumstances; limiting the total amount of credits a business entity may claim in any taxable year to $10,000; etc.

History by Legislative and Calendar Date Explain Legislative Date and Calendar Date

House Action
2/16
First Reading House Rules and Executive Nominations
2/26
Re-referred Ways and Means
2/28
Hearing 3/22 at 1:00 p.m.
Senate Action
No Action

Sponsored by:

Delegate Melvin Stukes, District 44
Delegate Justin D. Ross, District 22

Bill indexed under the following Subjects:

Administrative Agencies -see also- Electronic Government
Commerce and Business -see also- Dealers; Traders; etc
Electronic Surveillance -see also- Wiretapping
Emergencies
Equipment -see also- Motor Vehicle Equipment
Housing -see also- Apartments; Condominiums; Mobile Homes
Income Tax
Nonprofit Organizations
Rules and Regulations
Safety -see also- Occupational Safety
Security Alarms
Tax Credits -see also- Circuit Breaker

Bill affects the following Statute:

Tax - General
( 10-726 )

Documents:

Bill Text (Displayed in PDF Format): First Reading, Third Reading, Enrolled

Fiscal and Policy Note (Displayed in PDF Format): Available

Amendments: None offered


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