SB 161 Tax credit for contributions of school equipment.
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Tax credit for contributions of school equipment. Provides a 20 percent tax credit for contributions of business equipment to public elementary and secondary schools. The bill requires the Department of Education to develop and publish a list of qualifying equipment. Other duties imposed upon the Department include the valuation of such contributed equipment and prioritization of how such equipment will be distributed among the various school divisions. The tax credit will be available for taxable years beginning on and after January 1, 1995, subject to reenactment by the 1995 Session of the General Assembly.

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01/20/94  Senate: Presented and ordered printed  pdf

01/20/94  Senate: Presented and ordered printed
01/20/94  Senate: Referred to Committee on Finance
02/16/94  Senate: Continued to 1995 in Finance (15-Y 0-N)
12/20/94  Senate: Left in Finance