Introduced
by
To not include compensation received for wrongful imprisonment in income caps that limit the principle residence property tax credit that homeowners can claim on their state income tax. In other words, a person who gets this money would still be eligible for the tax credit if the money pushed him or her over the income cap. This wrongful imprisonment compensation is exempt from federal income tax (and so from state income tax also).
Referred to the Committee on Tax Policy
Reported without amendment
With the recommendation that the substitute (H-1) be adopted and that the bill then pass.
Substitute offered
by
The substitute passed by voice vote
Passed in the House 107 to 2 (details)
Referred to the Committee on Finance
Passed in the Senate 26 to 12 (details)
To earmark a portion of state income tax revenue that would otherwise go to the School Aid Fund to road repairs and environmental cleanups. The bill was passed in expectation of increased revenue from imposing sales tax on internet purchases will mean no net reduction in future school funding, although the amount of extra money it would get would be reduced. These provisions were attached to the original bill, which revises the tax treatment of compensation received for wrongful imprisonment so that it would not make recipients ineligible for a housing expenses income tax credit.
Amendment offered
by
To revise details of conditions on the proposed revenue earmarks.
The amendment passed by voice vote
Passed in the House 56 to 51 (details)
To earmark a portion of state income tax revenue that would otherwise go to the School Aid Fund to road repairs and environmental cleanups. The bill was passed in expectation of increased revenue from imposing sales tax on internet purchases will mean no net reduction in future school funding, although the amount of extra money it would get would be reduced. These provisions were attached to the original bill, which revises the tax treatment of compensation received for wrongful imprisonment so that it would not make recipients ineligible for a housing expenses income tax credit.
Passed in the Senate 26 to 12 (details)
To concur with the House-passed version of the bill.
