HB 157 Income tax; credit for purchase of teacher's instructional materials.
L. Scott Lingamfelter | all patrons    ...    notes
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Summary as introduced:
Income tax; credit for purchase of teacher’s instructional materials. Provides a credit against the individual income tax to teachers in the Commonwealth in grades K through 12, both public and private, who purchase instructional materials and supplies for use in their classrooms. The credit is limited to the lesser of $200 or the tax liability of the individual during the year of the purchase,and any excess may be carried over for five years. The effective date for the credit is January 1, 2003. The legislation will be delayed if any of the events that would delay the car tax relief occurs in calendar year 2002. If such a delay occurs, the law shall become effective January 1 of the first year thereafter in which none of the delaying events occur.

Full text:
01/09/02  House: Presented & ordered printed, prefiled 12/28/01 024152822  pdf | impact statement

Status:
01/09/02  House: Presented & ordered printed, prefiled 12/28/01 024152822
01/09/02  House: Referred to Committee on Finance
01/21/02  House: Assigned to Finance sub-committee: 2
01/21/02  House: Continued to 2003 in Finance (21-Y 0-N)