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2005 SESSION
HB 1942 Children At Risk in Education (CARE) Scholarship Tax Credit; created.
Introduced by: Christopher B. Saxman | all patrons ... notes | add to my profiles
SUMMARY AS PASSED HOUSE: (all summaries)
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 tuition assistance grant funding organizations. 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 may be awarded as grants for students' tuition in public and nonpublic schools. There is a $6 million cap on total tax credits awarded annually. The credit would be effective for taxable years beginning on and after January 1, 2006.
FULL TEXT
- 01/10/05 House: Prefiled & ordered printed; offered 01/12/05 059061496 pdf | impact statement
- 02/03/05 House: Committee substitute printed 054567496-H1 pdf
- 02/07/05 House: Floor substitute printed 054583496-H2 (Saxman) pdf | impact statement
HISTORY
- 01/10/05 House: Prefiled & ordered printed; offered 01/12/05 059061496
- 01/10/05 House: Referred to Committee on Finance
- 01/13/05 House: Assigned to Finance sub-committee: #1
- 02/02/05 House: Reported from Finance with sub (11-Y 10-N)
- 02/03/05 House: Committee substitute printed 054567496-H1
- 02/04/05 House: Read first time
- 02/05/05 House: Passed by for the day
- 02/07/05 House: Read second time
- 02/07/05 House: Committee substitute agreed to 054567496-H1
- 02/07/05 House: Engrossment refused by House (45-Y 46-N 1-A)
- 02/07/05 House: VOTE: ENGROSSMENT (45-Y 46-N 1-A)
- 02/07/05 House: Engrossment reconsidered by House (68-Y 27-N)
- 02/07/05 House: VOTE: RECONSIDER (68-Y 27-N)
- 02/07/05 House: Floor substitute printed 054583496-H2 (Saxman)
- 02/07/05 House: Sub by Del. Saxman to comm. sub agreed to 054583496-H2
- 02/07/05 House: Engrossed by House - fl. sub. (59-Y 35-N 1-A) HB1942H2
- 02/07/05 House: VOTE: ENGROSSMENT (59-Y 35-N 1-A)
- 02/08/05 House: Read third time and passed House (56-Y 41-N)
- 02/08/05 House: VOTE: PASSAGE (56-Y 41-N)
- 02/08/05 House: Communicated to Senate
- 02/09/05 Senate: Constitutional reading dispensed
- 02/09/05 Senate: Referred to Committee on Finance
- 02/17/05 Senate: Left in Finance