Income tax; authorize credit for fuel tax paid by commercial and charter boaters for fuel used on water rather than roads.

An Act To Authorize An Income Tax Credit For Taxes Paid Under Sections 27-55-519 And 27-55-521 By A Charter Boat Operator Or A Commercial Fisherman On The Purchase Of Fuel Used On Bodies Of Water, Rather Than On Roads Or Highways; To Provide That Any Unused Portion Of The Credit May Be Carried Forward For The Five Succeeding Tax Years; To Provide That The Amount Of The Credit That May Be Utilized In Any Tax Year Shall Not Exceed The Total State Income Tax Liability Of The Taxpayer For That Year; To Prescribe The Content Required In The Application For The Credit; To Authorize The Department Of Revenue To Promulgate Regulations As Needed To Administer This Act; And For Related Purposes.