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SB23-196

Income Tax Credit For Retrofitting A Home For Health Reasons

Concerning an extension of the income tax credit for retrofitting a residence to increase the residence's visitability.
Session:
2023 Regular Session
Subject:
Fiscal Policy & Taxes
Bill Summary

The act extends for an additional 5 years the income tax credit for expenses incurred by an individual with a family income at or below $150,00, adjusted for inflation, (qualified individual) in retrofitting the individual's residence to increase its accessibility for persons with disabilities. The act also extends the credit carry-forward period from 5 to 8 years.

APPROVED by Governor May 30, 2023

EFFECTIVE August 7, 2023

NOTE: This act was passed without a safety clause and takes effect 90 days after sine die.
(Note: This summary applies to this bill as enacted.)

Status

Introduced
Passed
Became Law

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Bill Text

  • All Versions (7 )
    Date Bill Type Documents
    05/30/2023 Signed Act PDF
    05/04/2023 Final Act PDF
    04/26/2023 Rerevised PDF
    04/24/2023 Revised PDF
    04/10/2023 Reengrossed PDF
    04/06/2023 Engrossed PDF
    03/16/2023 Introduced PDF

Sponsors

Sponsor Type Legislators
Prime Sponsor

Sen. F. Winter
Rep. N. Ricks, Rep. M. Young

Sponsor

Co-sponsor

Sen. J. Bridges, Sen. J. Buckner, Sen. J. Coleman, Sen. L. Cutter, Sen. T. Exum, Sen. B. Gardner, Sen. J. Ginal, Sen. J. Gonzales, Sen. C. Hansen, Sen. N. Hinrichsen, Sen. S. Jaquez Lewis, Sen. C. Kolker, Sen. P. Lundeen, Sen. J. Marchman, Sen. K. Mullica, Sen. K. Priola, Sen. C. Simpson, Sen. J. Smallwood, Sen. T. Sullivan, Sen. K. Van Winkle, Sen. R. Zenzinger
Rep. S. Bird, Rep. A. Boesenecker, Rep. K. Brown, Rep. R. English, Rep. M. Froelich, Rep. E. Hamrick, Rep. L. Herod, Rep. J. Joseph, Rep. C. Kipp, Rep. S. Lieder, Rep. M. Lindsay, Rep. D. Michaelson Jenet, Rep. M. Snyder, Rep. T. Story, Rep. B. Titone, Rep. J. Willford

The effective date for bills enacted without a safety clause is August 6, 2025, if the General Assembly adjourns sine die on May 7, 2025 (unless otherwise specified). Details

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