Bills · 2021-2022 Regular Session
Relating to: refundable income tax credit for bicycle purchases and making an appropriation. (FE)
Bicycle Bird Income tax — Credit Poor
- Introduced, stopped here
- Passes Senate, not reached
- Passes Assembly, not reached
- Governor signs, not reached
- Law, not reached
Unfamiliar terms? Glossary
What this bill does
Plain-language analysis by the nonpartisan Legislative Reference Bureau
This bill creates a refundable tax credit that may be claimed by individuals who
purchase bicycles for their dependents. The credit is equal to the price paid for each
bicycle, limited to $200 per dependent. The credit may be claimed only by individuals
whose family income does not exceed 200 percent of the federal poverty line. Under
the bill, the individual must submit with his or her tax return any documentation
required by the Department of Revenue regarding the bicycle's purchase price.
Because the credit is refundable, if an individual is eligible to claim an amount as
a credit that exceeds his or her income tax liability, the individual receives the excess
as a refund.
What it would cost
Fiscal estimates filed by state agencies, as official PDFs
Sponsors
Full history
- May 25, 2021 · Senate
Introduced by Senator Larson; cosponsored by Representatives Shelton, Snodgrass, Hong, Moore Omokunde, Drake, Brostoff, Neubauer, Hebl, Spreitzer, Andraca, Emerson, Hesselbein, Stubbs, Bowen, Sinicki, Cabrera and Subeck
- May 25, 2021 · Senate
Read first time and referred to Committee on Financial Institutions and Revenue
- Jun 4, 2021 · Senate
Fiscal estimate received
- Mar 15, 2022 · Senate
Failed to pass pursuant to Senate Joint Resolution 1