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Session 117 - (2007-2008)Printer Friendly
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H 3011 General Bill, By Hagood, Haskins, Cobb-Hunter, Cotty, Haley, Lowe, Gullick, Toole, Agnew, Funderburk and R.L. Brown
Summary: Conservation contribution or gift
A BILL TO AMEND SECTION 12-6-3515, AS AMENDED, RELATING TO THE STATE INCOME TAX CREDIT ALLOWED FOR DONATIONS OF A GIFT OF LAND FOR CONSERVATION OR A QUALIFIED CONSERVATION CONTRIBUTION, SO AS TO PROVIDE THAT THE CREDIT EQUALS TWENTY-FIVE PERCENT OF THE TOTAL VALUE OF THE GIFT RATHER THAN TWENTY-FIVE PERCENT OF THE CHARITABLE DEDUCTION FOR THE GIFT ALLOWED ON THE TAXPAYER'S FEDERAL INCOME TAX RETURN, TO INCREASE THE MAXIMUM ANNUAL CREDIT ALLOWED A TAXPAYER FROM $52,500 TO $150,000, AND TO ADJUST THE MAXIMUM ANNUAL CREDIT FOR INCREASES IN THE CONSUMER PRICE INDEX, AND TO DELETE OBSOLETE PROVISIONS.
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Summary: Conservation contribution or gift
A BILL TO AMEND SECTION 12-6-3515, AS AMENDED, RELATING TO THE STATE INCOME TAX CREDIT ALLOWED FOR DONATIONS OF A GIFT OF LAND FOR CONSERVATION OR A QUALIFIED CONSERVATION CONTRIBUTION, SO AS TO PROVIDE THAT THE CREDIT EQUALS TWENTY-FIVE PERCENT OF THE TOTAL VALUE OF THE GIFT RATHER THAN TWENTY-FIVE PERCENT OF THE CHARITABLE DEDUCTION FOR THE GIFT ALLOWED ON THE TAXPAYER'S FEDERAL INCOME TAX RETURN, TO INCREASE THE MAXIMUM ANNUAL CREDIT ALLOWED A TAXPAYER FROM $52,500 TO $150,000, AND TO ADJUST THE MAXIMUM ANNUAL CREDIT FOR INCREASES IN THE CONSUMER PRICE INDEX, AND TO DELETE OBSOLETE PROVISIONS.
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12/13/06 | House | Prefiled |
12/13/06 | House | Referred to Committee on Ways and Means |
01/09/07 | House | Introduced and read first time HJ-21 |
01/09/07 | House | Referred to Committee on Ways and Means HJ-21 |
01/11/07 | House | Member(s) request name added as sponsor: Cotty, Haley |
02/01/07 | House | Member(s) request name added as sponsor: Lowe, Gullick |
02/06/07 | House | Member(s) request name added as sponsor: Toole |
02/14/07 | House | Member(s) request name added as sponsor: Agnew |
02/27/07 | House | Member(s) request name added as sponsor: Funderburk |
05/08/07 | House | Member(s) request name added as sponsor: R.L.Brown |