Environmental & Healthcare Legislative Watch50 States · D.C. · U.S. Congress
From official state and federal legislative records. Informational only, not legal advice.
Died
This idea didn't make it. It stopped moving and won't become a law this time.
In plain words
AI summaryWritten by AI from the bill text. Check the official text before relying on it.
An act to authorize an income tax credit for taxes paid under sections 27-55-519 and 27-55-521 by a charter boat operator or a commercial fisherman on the purchase of fuel used on bodies of water, rather than on roads or highways; To provide that any unused portion of the credit may be carried forward for the five succeeding tax years; To provide that the amount of the credit that may be utilized in any tax year shall not exceed the total state income tax liability of the taxpayer for that year; To prescribe the content required in the application for the credit; To authorize the department of revenue to promulgate regulations as needed to administer this act; And for related purposes.
