2005 Senate Bill 642 ↩

Senate Roll Call 438: Passed

To authorize a non-refundable income tax credit for an individual who contributes to the “individual or family development account” program proposed by Senate Bill 640, which would establish tax exempt accounts for low income persons or families that could be used by the beneficiary for qualified education, home acquisition or repair, or business start-up expenses. The aggregate amount of tax credits statewide could not $1 million each year.