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2003 SESSION

• | print version

HB 2761 Children At Risk in Education Tax Credit.

Introduced by: M. Kirkland Cox | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Children At Risk in Education Tax Credit. Creates a tax credit to promote educational opportunities for children who are at risk of educational failure. Tax credits will be awarded to business entities for eligible contributions made to eligible nonprofit scholarship-funding organizations (NSFO). The amount of the credit is 25 percent of the eligible contribution, but may not exceed 75 percent of the tax liability of the business entity. The contributions to NSFO's may be awarded for students' tuition in public and nonpublic schools and their tutoring expenses. The credit would be effective for taxable years beginning on and after January 1, 2004.

FULL TEXT

• 01/17/03  House: Presented & ordered printed 031000680  pdf | impact statement

HISTORY

• 01/17/03  House: Presented & ordered printed 031000680
• 01/17/03  House: Referred to Committee on Finance
• 01/29/03  House: Passed by in Finance with letter (13-Y 9-N)