Income tax, state; deduction for certain purchases from space flight entities. (HB19)

Introduced By

Del. Terry Kilgore (R-Gate City)

Progress

Introduced
Passed Committee
Passed House
Passed Senate
Signed by Governor
Became Law

Description

Individual income tax deduction for certain purchases from space flight entities.  Provides an individual income tax deduction in the amount paid for a prepaid contract entered into with a commercial space flight entity to place the taxpayer's cremated remains in earth or lunar orbit. The deduction shall not exceed $8,000 in total and shall not exceed $2,500 in any one tax year. The bill is effective for taxable years beginning on or after January 1, 2013, but before January 1, 2021. Read the Bill »

Outcome

Bill Has Failed

History

DateAction
12/05/2011Committee
12/05/2011Prefiled and ordered printed; offered 01/11/12 12100278D
12/05/2011Referred to Committee on Finance
01/12/2012Assigned Finance sub: Subcommittee #2
01/16/2012Impact statement from TAX (HB19)
02/08/2012Subcommittee recommends laying on the table
02/14/2012Left in Finance

Comments

stephen writes:

Everyone must pay their fair share of taxes, even the dead.