Income tax, state; exemption for education outreach programs. (HB1161)
Introduced By
Del. Chris Saxman (R-Staunton)
Progress
✓ |
Introduced |
✗ |
Passed Committee |
☐ |
Passed House |
☐ |
Passed Senate |
☐ |
Signed by Governor |
☐ |
Became Law |
Description
Income tax exemption; education outreach programs. Grants an income tax exemption for the amount of expenses incurred as part of an education outreach program in any elementary or secondary school in the Commonwealth. To qualify for the deduction the expenses shall be directly attributable to the development or operation of an education outreach program in a science-, math-, or technology-related field that involves a live presentation by the resident, or employee of the resident, claiming the deduction. The maximum amount of the collective deduction claimed by residents or business entities in the Commonwealth is $500,000. Read the Bill »
Outcome
Bill Has Failed
History
| Date | Action |
|---|---|
| 01/09/2008 | Committee |
| 01/09/2008 | Prefiled and ordered printed; offered 01/09/08 085659472 |
| 01/09/2008 | Referred to Committee on Finance |
| 01/15/2008 | Assigned Finance sub: 2 |
| 01/26/2008 | Impact statement from TAX (HB1161) |
| 02/12/2008 | Left in Finance |