HB 1045 Tax credits for family savings accounts.
William J. Howell | all patrons    ...    notes
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Summary:
Tax credits for family savings accounts. Changes the Neighborhood Assistance Act of 1981 to the Neighborhood Assistance and Family Savings Act of 1996. The bill provides for limited tax credits to certain low-income persons for contributions made to family savings accounts as well as subtractions from federal adjusted gross income for contributions made to family savings accounts and for interest earned by qualified low-income persons on family savings accounts. A family savings account is one which was established by a low-income person for the purpose of saving to acquire a long-term asset, such as a house.

Full text:
01/22/96  House: Presented & ordered printed 967142805  pdf

Status:
01/22/96  House: Presented & ordered printed 967142805
01/22/96  House: Referred to Committee on Finance
01/24/96  House: Assigned to Finance sub-committee: 2
02/09/96  House: Continued to 1997 in Finance (22-Y 0-N)