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IN SB0388
Bill
Status
Introduced
1/12/2010
Primary Sponsor
Jean Breaux
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AI Summary
- Creates an income tax credit for landlords who offer incentives to tenants for reporting criminal activity on the landlord's property that results in arrest and successful prosecution
- Covers reports leading to convictions for murder, battery, kidnapping, sexual assault, controlled substance offenses, or criminal mischief
- Allows landlords to offer incentives including cash rewards (up to value of six months rent), one to six months of free rent, or one to six months of free utilities
- Requires documentation from the prosecuting attorney certifying that the tenant's report led to the apprehension and conviction of the individual
- Tax credit equals 100% of the incentive value provided to the tenant, with unused credits carried forward to future tax years (no refunds or carrybacks allowed)
- Effective date is retroactive to January 1, 2010
Legislative Description
Crime prevention income tax credit.
Last Action
First reading: referred to Committee on Tax and Fiscal Policy
1/12/2010
Full Bill Text
No bill text available