Tax Credit Lifebuoy Apparatus
| Type | Bill |
|---|---|
| Session | 2023 Regular Session |
| Subjects |
Concerning a state income tax credit for an eligible purchaser's installation of a lifebuoy apparatus.
Bill Summary:
The bill establishes a state income tax credit for the purchase and installation of a lifebuoy apparatus in a subdivision with a body of water beginning January 1, 2023. The tax credit is for $1,500 per lifebuoy apparatus purchased and installed in the subdivision by an eligible purchaser. The tax credit may be claimed only once per lifebuoy apparatus and is not refundable, but may be carried forward up to 5 years. An eligible purchaser must certify to the department of revenue each lifebuoy apparatus purchased and installed during each tax year for which the credit is claimed.
(Note: This summary applies to this bill as introduced.)
Prime Sponsors
Representative
Brandi Bradley
Committees
Related Documents & Information
| Activity | Vote | Documents |
|---|
| Activity | Vote | Documents |
|---|---|---|
| Adopt amendment L.001 (Attachment A) | The motion passed without objection. | Vote summary |
| Adopt amendment L.002 (Attachment B) | The motion passed without objection. | Vote summary |
| Refer House Bill 23-1129, as amended, to the Committee on Appropriations. | The motion passed on a vote of 8-3. | Vote summary |
| Date | Location | Action |
|---|---|---|
| 05/11/2023 | House | House Committee on Appropriations Lay Over Unamended - Amendment(s) Failed |
| 02/16/2023 | House | House Committee on Finance Refer Amended to Appropriations |
| 01/30/2023 | House | Introduced In House - Assigned to Finance |