HF 463: Creating a private investigator tax credit available against the individual income tax, and including effective date and retroactive applicability provisions

What it does

This bill creates a private investigator tax credit available against the individual income tax. The bill defines “private investigator” to mean a licensee or an employee of a licensee under Code chapter 80A other than a bail enforcement business. The amount of the credit shall equal percent of the first $1,000 of the investigation fees paid by the taxpayer to a private investigator to investigate a cold case which has been reported to a law enforcement agency within the previous months. A taxpayer is eligible to claim the credit one time per cold case up to the maximum credit allowed under the bill.

In plain words

1. February 10, 2021Filed in the House and sent to the Ways and Means committee