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IN HB1326
Bill
Status
1/12/2017
Primary Sponsor
Dan Forestal
Click for details
AI Summary
- Creates a state income tax credit for taxpayers who pay for firearms safety courses taught by National Rifle Association certified instructors.
- Credit amount equals qualified expenses (tuition and fees) up to a maximum of $100 for single filers or $200 for married couples filing jointly.
- Credit cannot exceed the taxpayer's state income tax liability for the taxable year.
- Taxpayers must claim the credit as prescribed by the department and submit proof of qualified expenses.
- Unused credits cannot be carried over, carried back, or refunded.
- Effective for taxable years beginning after December 31, 2017.
Legislative Description
Income tax credit for firearms instruction. Provides a state income tax credit to taxpayers (individuals filing single tax returns or married couples filing joint tax returns) who incur expenses in receiving qualified firearms instruction. Provides that the credit is equal to the amount of the incurred expenses. Provides that the maximum amount allowed as a credit is $100 for individuals filing single returns or $200 for married couples filing joint returns. Provides that a tax credit may not exceed the taxpayer's state income tax liability. Provides that a taxpayer is not entitled to a carryover, carryback, or refund of any
Last Action
First reading: referred to Committee on Public Policy
1/12/2017