| SB 0982 | Creates a tax credit for modifying a house to accommodate a disabled person |
| Sponsor: | Kennedy | |||
| LR Number: | 4135S.01I | Fiscal Note: | 4135-01 | |
| Committee: | Ways and Means | |||
| Last Action: | 03/19/02 - SCS Voted Do Pass S Ways & Means Comm. (4135S.04C) | Journal page: | ||
| Title: | SCS SB 982 | |||
| Effective Date: | August 28, 2002 | |||
SCS/SB 982 - This act creates a tax credit for individuals within certain income ranges who incur costs for the purpose of making all or any portion of such taxpayer's home accessible to an individual with a disability. The credit reimbursement rate is graduated based on income level. The maximum credit per taxpayer, per year, is two thousand five hundred dollars. The maximum aggregate amount of tax credits which can be issued is ninety-five thousand dollars. The credits are issued on a first- come, first-serve basis.
The act takes effect on January 1, 2003 and expires December
31, 2008.
JEFF CRAVER