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HI HB721
Bill
Status
1/23/2017
Primary Sponsor
Sharon Har
Click for details
AI Summary
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Establishes an income tax credit for individual taxpayers with adjusted gross income of $100,000 or less who purchase public transportation passes during the taxable year.
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Credit amount equals the full amount spent on public transportation passes, with no maximum limit specified.
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Applies to monthly or annual bus passes, or passes for public transportation programs operated or contracted by the State or county.
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Tax credit cannot exceed the taxpayer's income tax liability and any excess is not refundable.
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Effective for taxable years beginning after December 31, 2017, with claims required to be filed within 12 months following the close of the taxable year.
Legislative Description
Relating To Public Transportation Incentives.
Public Transportation Tax Credit
Last Action
Passed Second Reading as amended in HD 1 and referred to the committee(s) on FIN with none voting aye with reservations; none voting no (0) and Representative(s) DeCoite, Tokioka excused (2).
2/17/2017