US Lawyer Database

36 §5217. Employer-assisted day care

§5217. Employer-assisted day care 1.  Credit allowed.  A taxpayer constituting an employing unit is allowed a credit against the tax imposed by this Part for each taxable year equal to the lowest of:   A. Five thousand dollars;   [PL 1987, c. 769, Pt. A, §159 (RPR).] B. Twenty percent of the costs incurred by […]

36 §5217-A. Income tax paid to other taxing jurisdiction

§5217-A. Income tax paid to other taxing jurisdiction A resident individual is allowed a credit against the tax otherwise due under this Part, excluding the tax imposed by section 5203‑C, for the amount of income tax imposed on that individual for the taxable year by another state of the United States, a political subdivision of […]

36 §5217-D. Credit for educational opportunity

§5217-D. Credit for educational opportunity 1.  Definitions.  As used in this section, unless the context otherwise indicates, the following terms have the following meanings.   A. “Benchmark loan payment” means the monthly loan payment for the amount of the principal cap paid over 10 years at the interest rate for federally subsidized Stafford loans under […]

36 §5213-A. Sales tax fairness credit

§5213-A. Sales tax fairness credit For tax years beginning on or after January 1, 2016, individuals are allowed a credit as computed under this section against the taxes imposed under this Part.   [PL 2015, c. 267, Pt. DD, §19 (NEW).] 1.  Definitions.  As used in this section, unless the context otherwise indicates, the following […]

36 §5214-A. Credit to beneficiary for accumulation distribution

§5214-A. Credit to beneficiary for accumulation distribution 1.  General.  A beneficiary of a trust whose adjusted gross income includes all or part of an accumulation distribution by that trust, as defined in the Code, Section 665, or its equivalent, shall be allowed a credit against the tax otherwise due under this Part for all or […]