Loading chat...
MS HB116
Bill
Status
Failed
3/28/2012
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 installation and maintenance of home electronic or computerized alarm systems, and homeowners' association fees that provide security enhancements or employ professional security services
- Credit amount equals actual home security expenses up to $2,000 per year, or the amount of income tax owed (whichever is less), reduced by other applicable tax credits
- Married couples filing separately may each claim up to one-half of the credit that would be allowed on a joint return
- Takes effect January 1, 2012
Legislative Description
Income tax; provide credit for taxpayer paying home security expenses for primary residence.
Last Action
Died In Committee
3/28/2012
Full Bill Text
No bill text available