Loading chat...
MS HB289
Bill
Status
Failed
2/24/2010
Primary Sponsor
William Denny
Click for details
AI Summary
- Provides an income tax credit for individual taxpayers who pay home security expenses for their primary residence
- Eligible expenses include costs of installing and maintaining home electronic or computerized alarm systems, and homeowners' association dues where security enhancement is a goal or professional security services are employed
- Credit amount equals actual home security expenses up to $2,000 per year, limited to the lesser of $2,000 or remaining income tax liability after other credits
- Married individuals filing separate returns may each claim up to one-half the credit that would have been allowed on a joint return
- Effective January 1, 2010
Legislative Description
Income tax; provide credit for taxpayer paying home security expenses for primary residence.
Last Action
Died In Committee
2/24/2010
Full Bill Text
No bill text available