AMENDMENT(S) PROPOSED BY THE HOUSE

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1. Line 217, introduced, after is

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awarded to

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claimed by

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2. Line 337, introduced, after may

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receive

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earn

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3. Line 341, introduced, after contribution.

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This credit shall be prorated equally against the corporation's estimated payments made in the third and fourth quarters of the taxable year in which the credit may be claimed and the final tax payment.

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4. Line 345, introduced, after exceed

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$25

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$10

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5. Line 377, introduced, after disburse

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the remainder of line 377 and all of lines 378 and 379

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at least 90 percent of the amount of each donation for which a tax credit may be received under this Article within one year of such donation for qualified educational expenses through scholarships to eligible students. Any scholarship foundation that fails to disburse at least 90 percent of any donated amount within one year shall be removed from the annual list published pursuant to this section and shall not be entitled to request preauthorization for additional tax credits, nor shall it be entitled to receive and administer additional tax credit-derived funds. By September 30 of each year, the scholarship foundation shall provide the following information to the Department of Education: (1) the total number and dollar amount of contributions received between September 1 of the prior calendar year and September 1 of the current calendar year, (2) the dates when such contributions were received, and (3) the total number and dollar amount of qualified educational expenses scholarships awarded for the school year that begins during the current calendar year. Any scholarship foundation that fails to provide this report by September 30 shall be removed from the annual list published pursuant to this section and shall not be entitled to request preauthorization for additional tax credits, nor shall it be entitled to receive and administer additional tax credit-derived funds.