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HB 2185 - STO; income tax credit cap

Tracking Level: Support
Sponsor: Michelle Udall
Last Action: 4/30/2019 - House - Assigned to House RULES Committee
House Committee: Rules
Assigned To:
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Staff Analysis of the Legislation

HB2185- STO; income tax credit cap (Udall)

Currently, the statewide aggregate cap for individual STO contributions increases by 20% annually. This bill states that, starting in FY20, the aggregate dollar amount of the tax credit cap for STO’s will be annually increased by the rate of inflation or 2%, whichever is greater.

Bill Summary from the State Site - Click for the State Summary Page / Click for Current Full Text / PDF