Relating to income tax subtractions for national service educational awards; prescribing an effective date.
Catchline/Summary:
Creates subtraction from federal taxable income for amounts received as AmeriCorps national service educational awards, for personal income taxpayers. Creates subtraction from federal taxable income for amounts received as AmeriCorps national service educational awards, for personal income taxpayers.
Applies to amounts received in tax years beginning on or after January 1, 2021.
Takes effect on 91st day following adjournment sine die.
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HB 2737 Joint Committee On Tax Expenditures
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