Coalfield region public education tax credit. (HB1672)

Introduced By

Del. Will Morefield (R-North Tazewell)

Progress

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

Description

Coalfield region public education tax credit. Establishes a tax credit for taxable years 2017 through 2021 for donations to public schools in the coalfield region. The credit would equal 65 percent of the value of the donation. The Department of Taxation would be authorized to issue $5 million in tax credits each fiscal year. Read the Bill »

Outcome

Bill Has Failed

History

DateAction
01/05/2017Committee
01/05/2017Prefiled and ordered printed; offered 01/11/17 17100579D
01/05/2017Referred to Committee on Finance
01/19/2017Assigned Finance sub: Subcommittee #3
01/19/2017Impact statement from TAX (HB1672)
01/27/2017Subcommittee recommends laying on the table
02/07/2017Left in Finance