Income tax, state; public school renovation tax credit. (HB734)

Introduced By

Del. Dave Albo (R-Springfield)

Description

Income tax; public school renovation tax credit.  Provides an income tax credit to taxpayers that undertake and complete a public school renovation, in accordance with the provisions of the Public-Private Education Facilities and Infrastructure Act, for taxable years beginning on and after January 1, 2010. The amount of the credit is 25 percent of the taxpayer's eligible renovation expenses but cannot exceed $1 million in any one taxable year. Also, there is a cap of $100 million on the total amount of credits that may be allowed for all taxpayers in a taxable year.   View Full Text »

Outcome

No Richmond Sunlight visitors voted on this bill while voting was open.