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2019 SESSION

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SB 1160 Income tax credits related to education; neighborhood organizations.

Introduced by: Frank M. Ruff, Jr. | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Income tax credits related to education. Makes changes to the Neighborhood Assistance Act tax credit program, as it relates to educational services, and the Education Improvement Scholarships tax credit program. The bill provides that in making an allocation of credits to neighborhood organizations under the neighborhood assistance program, the Superintendent of Public Instruction shall consider the portion of the organization's total revenues used to support low-income persons and qualified students with disabilities, not just the amount of credits that an organization received for the prior year. The bill also allows certain neighborhood organizations that provide scholastic assistance services, defined as scholastic assistance organizations, to be eligible to receive an allocation of education improvement scholarship tax credits and establishes guidelines for receiving such an allocation. The bill contains technical amendments.


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