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2022 SESSION
SB 27 Income tax, state; credits for Neighborhood Assistance Program & Education Improvement Scholarships.
Introduced by: Frank M. Ruff, Jr. | all patrons ... notes | add to my profiles
SUMMARY AS PASSED SENATE: (all summaries)
Income tax credits; Neighborhood Assistance Program and Education Improvement Scholarships. Makes several amendments to expand the availability of the Neighborhood Assistance Program (NAP) and Education Improvement Scholarships Tax Credits (EISTC). The bill increases the limit on NAP credits approved by the Department of Education (DOE) from $9 million to $12 million and provides that the annual allocation of tax credits among neighborhood organizations shall not rely solely on the amount of credits awarded in the previous year. For the EISTC, the bill increases the value of the credit from 65 percent to 70 percent of the value of a donation and allows certified public accountants to receive tax credits for donations of accounting services to scholarship organizations. The bill also retains requirements and guidelines for eligible students with a disability that under current law were scheduled to expire on December 31, 2023. This bill incorporates SB 709.
FULL TEXT
- 12/22/21 Senate: Prefiled and ordered printed; offered 01/12/22 22100606D pdf | impact statement
- 02/08/22 Senate: Committee substitute printed 22106056D-S1 pdf | impact statement
AMENDMENTS
HISTORY
- 12/22/21 Senate: Prefiled and ordered printed; offered 01/12/22 22100606D
- 12/22/21 Senate: Referred to Committee on Finance and Appropriations
- 02/08/22 Senate: Reported from Finance and Appropriations with substitute (15-Y 0-N)
- 02/08/22 Senate: Committee substitute printed 22106056D-S1
- 02/08/22 Senate: Incorporates SB709 (DeSteph)
- 02/09/22 Senate: Passed by for the day
- 02/09/22 Senate: Constitutional reading dispensed (38-Y 0-N)
- 02/10/22 Senate: Read second time
- 02/10/22 Senate: Reading of substitute waived
- 02/10/22 Senate: Committee substitute agreed to 22106056D-S1
- 02/10/22 Senate: Engrossed by Senate - committee substitute SB27S1
- 02/10/22 Senate: Constitutional reading dispensed (40-Y 0-N)
- 02/10/22 Senate: Passed Senate (40-Y 0-N)
- 02/18/22 House: Placed on Calendar
- 02/18/22 House: Read first time
- 02/18/22 House: Referred to Committee on Finance
- 02/22/22 House: Assigned Finance sub: Subcommittee #1
- 02/23/22 House: Subcommittee recommends reporting (8-Y 0-N)
- 02/23/22 House: Subcommittee recommends referring to Committee on Appropriations
- 02/23/22 House: Reported from Finance (21-Y 0-N)
- 02/23/22 House: Referred to Committee on Appropriations
- 02/28/22 House: Tabled in Appropriations (22-Y 0-N)