HB 720 Day-care facility investment tax credit.
Joseph P. Johnson, Jr. | all patrons    ...    notes
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Summary:
Day-care facility investment tax credit. Establishes an income tax credit for 25 percent of expenditures relating to the establishment of a licensed child day-care center for the children of the taxpayer's employees. The amount of the credit cannot exceed $25,000. Credits are nonrefundable and may be carried over for up to three years. Credits are awarded by the Tax Department in the order applications are filed, and the number of application approvals will be limited to cap the amount of tax credits available in any year at $100,000. The credits are available in taxable years beginning on and after January 1, 1997.

Full text:
01/22/96  House: Presented & ordered printed 964672308  pdf
03/12/96  House: Bill text as passed House and Senate (HB720ER)  pdf
04/05/96  Governor: Acts of Assembly Chapter text (CHAP0497)  pdf

Status:
01/22/96  House: Presented & ordered printed 964672308
01/22/96  House: Referred to Committee on Finance
01/24/96  House: Assigned to Finance sub-committee: 2
02/10/96  House: Reported from Finance (22-Y 0-N)
02/10/96  House: Read first time
02/12/96  House: Read second time and engrossed
02/13/96  House: Read third time and passed House (Block Vote) (100-Y 0-N)
02/13/96  House: VOTE: BLOCK VOTE PASSAGE (100-Y 0-N)
02/13/96  House: Communicated to Senate
02/14/96  Senate: Read first time
02/14/96  Senate: Referred to Committee on Finance
02/27/96  Senate: Reported from Finance (17-Y 0-N)
02/27/96  Senate: Constitutional reading dispensed (40-Y 0-N)
02/27/96  Senate: VOTE: (40-Y 0-N)
02/27/96  Senate: Read third time
02/27/96  Senate: Passed Senate (40-Y 0-N)
02/27/96  Senate: VOTE: (40-Y 0-N)
03/12/96  House: Bill text as passed House and Senate (HB720ER)
03/20/96  House: Enrolled
03/21/96  Senate: Signed by President
03/22/96  House: Signed by Speaker
04/01/96  Governor: Approved by Governor-Chapter 497 (effective 7/1/96)
04/05/96  Governor: Acts of Assembly Chapter text (CHAP0497)