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HB 95 - Income tax credit; certain driver education programs

Jenkins, Curtis S (110th)	Royal, A. Richard (164th)	Holland, Ray (157th)
Heard, Keith G (89th)	Graves, David B (125th)

Status Summary	HC:	W&M	SC:		FR:	01/14/99	LA:	01/15/99	H - Read 2nd Time

First Reader Summary

A BILL to amend Article 2 of Chapter 7 of Title 48 of the Official Code of Georgia Annotated, relating to the imposition, rate, and computation of income tax, so as to provide an income tax credit for expenses of private driver education for minor dependent children of taxpayers; and for other purposes.

Code Sections - 48-7-29.3

HB 95                                              LC 18 9184 
 
 
 
 
 
 
                        A BILL TO BE ENTITLED 
                               AN ACT 
 
 
  1- 1  To amend Article 2 of Chapter 7 of Title 48 of the Official 
  1- 2  Code of Georgia Annotated, relating to the imposition, rate, 
  1- 3  and computation of income tax, so as to provide an income 
  1- 4  tax credit for expenses of private driver education for 
  1- 5  minor dependent children of taxpayers; to provide an 
  1- 6  effective date; to provide for applicability; to repeal 
  1- 7  conflicting laws; and for other purposes. 
 
  1- 8       BE IT ENACTED BY THE GENERAL ASSEMBLY OF GEORGIA: 
 
  1- 9                           SECTION 1. 
 
  1-10  Article 2 of Chapter 7 of Title 48 of the Official Code of 
  1-11  Georgia Annotated, relating to the imposition, rate, and 
  1-12  computation of income tax, is amended by adding immediately 
  1-13  following Code Section 48-7-29.2 a new Code section to be 
  1-14  designated Code Section 48-7-29.3 to read as follows: 
 
  1-15    "48-7-29.3. 
 
  1-16    (a) A taxpayer shall be allowed a credit against the tax 
  1-17    imposed by Code Section 48-7-20 in an amount equivalent to 
  1-18    the amount expended by such taxpayer for a completed 
  1-19    course of driver education for a dependent minor child of 
  1-20    such taxpayer at a private driver training school licensed 
  1-21    by the Department of Public Safety under Chapter 13 of 
  1-22    Title 43, 'The Driver Training School License Act,' except 
  1-23    as otherwise provided by this Code section. 
 
  1-24      (b)(1) The tax credit provided by this Code section 
  1-25      shall be allowed not more than once for each dependent 
  1-26      minor child of a taxpayer. 
 
  1-27      (2) In no event shall the amount of the tax credit 
  1-28      provided by this Code section exceed $150.00 per 
  1-29      dependent minor child of a taxpayer or the taxpayer's 
  1-30      income tax liability, whichever is less. 
 
  1-31    (c) No credit shall be allowed under this Code section 
  1-32    with respect to any driver education expenses either 
  1-33    deducted or subtracted by the taxpayer in arriving at 
 
 
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  2- 1    Georgia taxable net income or with respect to any driver 
  2- 2    education expenses for which amounts were excluded from 
  2- 3    Georgia net taxable income. 
 
  2- 4    (d) No credit shall be allowed under this Code section 
  2- 5    unless the taxpayer submits with the claim for such credit 
  2- 6    written proof of the successful completion of the course 
  2- 7    of driver education by the dependent minor child and the 
  2- 8    amount expended by the taxpayer for such course. 
 
  2- 9    (e) The commissioner shall promulgate any rules and 
  2-10    regulations necessary to implement and administer this 
  2-11    Code section." 
 
  2-12                           SECTION 2. 
 
  2-13  This Act shall become effective on January 1, 2000, and 
  2-14  shall be applicable to all taxable years beginning on or 
  2-15  after January 1, 2000. 
 
  2-16                           SECTION 3. 
 
  2-17  All laws and parts of laws in conflict with this Act are 
  2-18  repealed. 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
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