Bill > A06572

This bill establishes a legal services veterans tax credit of up to $1,500 for any attorney who performs a minimum of 50 hours of pro bono legal services to a veteran or disabled veteran during a taxable year. The services covered include veteran's benefits and appeals, military discharges and upgrades, public benefits, evictions and foreclosures, and consumer debt issues. The credit can be claimed and carried over for up to 10 successive taxable years, but cannot be used to reduce the tax liability of the credit claimant below zero. The bill also requires the Attorney General and the Commissioner of Taxation and Finance to promulgate rules and regulations to define qualifying cases and services, as well as procedures for submitting and reviewing qualifying hours.