summary
Introduced
02/20/2024
02/20/2024
In Committee
02/20/2024
02/20/2024
Crossed Over
Passed
Dead
05/16/2024
05/16/2024
Introduced Session
33rd Legislature
Bill Summary
An Act establishing a corporate income tax credit for certain expenditures on child care services, utility rates, residential housing, and food security and availability; and providing for an effective date.
AI Summary
This bill establishes a corporate income tax credit for certain expenditures related to child care services, utility rates, residential housing, and food security and availability. The credit is equal to 50% of the actual qualifying expenditures and cannot reduce a person's tax liability by more than 50% in any tax year. The bill requires the Department of Revenue to adopt regulations to define "qualifying expenditures" for the purposes of the tax credit.
Committee Categories
Business and Industry
Sponsors (0)
No sponsors listed
Other Sponsors (1)
Rules (House)
Last Action
House Labor & Commerce Hearing (15:15:00 3/6/2024 Barnes 124) (on 03/06/2024)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.akleg.gov/basis/Bill/Detail/33?Root=HB333 |
| BillText | https://www.akleg.gov/PDF/33/Bills/HB0333A.PDF |
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