HB1140 Exempts certain child support payments from state income tax.
Sponsor: Ward, Dan (107) Effective Date:00/00/0000
CoSponsor: LR Number: 2368L.01I
Last Action: COMMITTEE: WAYS AND MEANS
01/25/2000 - Public Hearing Held (H)
HB1140
Next Hearing:Hearing not scheduled
Calendar:Bill currently not on calendar
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Available Bill Summaries for HB1140 Copyright(c)
* Introduced

Available Bill Text for HB1140
* Introduced *

BILL SUMMARIES

INTRODUCED

HB 1140 -- Income Tax Deduction of Child Support Payments

Sponsor:  Ward

This bill allows as a deduction for purposes of determining
state income tax liability an amount equal to 50% of any child
support payments made during the tax year by a resident taxpayer
as determined by Form 14 of any judgment of dissolution of
marriage, legal separation, or modification thereof.  If a
taxpayer pays more than 50% of the child's support cost, as
determined by Form 14, the taxpayer may deduct the entire child
support payment less 50% of the combined child support costs for
the taxable year.

This bill will apply to tax year 2000 and thereafter.


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Last Updated October 17, 2000 at 9:55 am