Summary of the Introduced Bill

HB 1709 -- Income Tax:  Sponsorship and Mentoring Tax Credit
Program

Co-Sponsors:  Boykins, Thompson, Walton, Shelton, Hilgemann,
Bland, Bowman

This bill expands the definition of an approved program within
the Sponsorship and Mentoring Tax Credit Program to include a
business dropout abatement pilot program, including education
efforts and work-related programs for students.

The bill also increases the maximum credit per taxpayer for the
program from $2,000 times the number of students allowed to be
claimed by the taxpayer to $5,000 times the number of students.

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Last Updated October 11, 2002 at 9:02 am