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MS HB27
Bill
Status
Failed
2/23/2011
Primary Sponsor
William Denny
Click for details
AI Summary
- Allows individual taxpayers an income tax credit for home security expenses paid on their primary residence
- Defines qualifying "home security expenses" as costs for installing and maintaining electronic/computerized alarm systems, or homeowners' association membership fees that include professional security services
- Credits equal actual home security expenses up to $2,000 per year or the amount of income tax owed, whichever is less
- Married couples filing separately may each claim up to one-half of the credit allowed for a joint return
- Effective January 1, 2011
Legislative Description
Income tax; provide credit for taxpayer paying home security expenses for primary residence.
Last Action
Died In Committee
2/23/2011
Full Bill Text
No bill text available