Income tax, state and corporate; subtraction for income from space leased to public schools. (HB1512)
Introduced By
Del. Rob Krupicka (D-Alexandria) with support from co-patron Sen. Scott Surovell (D-Mount Vernon)
Progress
✓ |
Introduced |
✗ |
Passed Committee |
☐ |
Passed House |
☐ |
Passed Senate |
☐ |
Signed by Governor |
☐ |
Became Law |
Description
Income tax subtraction; income from building space leased to public school divisions. Establishes an individual and corporate income tax subtraction beginning in 2013 for income from the lease of commercial or industrial space to a local public school division that used such space primarily to (i) provide instruction to K through 12 public school students or students in a publicly funded pre-kindergarten program or (ii) administer K through 12 public education programs or publicly funded pre-kindergarten education programs. Read the Bill »
Outcome
Bill Has Failed
History
Date | Action |
---|---|
01/03/2013 | Prefiled and ordered printed; offered 01/09/13 13101135D |
01/03/2013 | Referred to Committee on Finance |
01/12/2013 | Impact statement from TAX (HB1512) |
01/14/2013 | Assigned Finance sub: #1 |
01/16/2013 | Subcommittee recommends passing by indefinitely |
02/05/2013 | Left in Finance |
Comments
This is good bill for early ed proponents. Provides incentive for private commercial building owners to partner with public school divisions to expand space for pre-k. Limited physical space is an oft-cited reason why schools do not offer pre-k.