2005 House Bill 5022

Senate Roll Call 775: Passed

To allow a taxpayer who was not an account holder to claim an individual income tax credit equal to 75 percent of the contributions made in the tax year by the taxpayer to a fiduciary organization for “individual or family development accounts” proposed by Senate Bill 640. The credit would not be refundable, meaning it could not exceed tax liability.

37 Yeas / 0 Nays
Republican (21 Yeas / 0 Nays)
Democrat (16 Yeas / 0 Nays)
Excused or Not Voting (1)