HB1209 Creates the World War II Memorial Trust Fund and allows five million dollars in tax credits for qualified contributions thereto.
Sponsor: Patek, Jewell (7) Effective Date:00/00/0000
CoSponsor: LR Number: 3249L.01I
Last Action: COMMITTEE: WAYS AND MEANS
04/11/2000 - Executive Session Held (H)
HCS VOTED DO PASS
HB1209
Next Hearing:Hearing not scheduled
Calendar:Bill currently not on calendar
ACTIONS HEARINGS CALENDAR
BILL SUMMARIES BILL TEXT
BILL SEARCH HOUSE HOME PAGE

Available Bill Summaries for HB1209 Copyright(c)
* Introduced

Available Bill Text for HB1209
* Introduced *

BILL SUMMARIES

INTRODUCED

HB 1209 -- Income Tax Credit for Contributions to World War II
Memorial

Sponsor:  Patek

This bill establishes a state income tax credit for certain
contributions by taxpayers for construction of a memorial on the
National World War II Memorial site.

To claim the credit the taxpayer must apply to the state
Veteran's Commission and be issued a certificate of tax credit.
The maximum credits allowed state-wide cannot exceed $5 million.
The credit will be equal to the taxpayer's contribution and will
not be refundable or cannot be carried back or forward to any
other tax year.

This credit will be allowed for tax year 2000 and thereafter,
until the maximum amount of credits are issued.


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