VIDEO: Senator Vicki Marble presents a school income tax credit bill to the Senate Education Committee
Submitted by dennis on Mon, 2013-02-25 13:11
Senator Vicki Marble presents senate bill 69 to the Senate Education Committee.
The bill creates an income tax credit for individuals who:
• enroll their dependent child in a home-based or private school or
• offer a scholarship to a child who enrolls in a private school.
Taxpayers qualifying for the credit can receive credits as shown in Table 1. In order to qualify, the child must have attended a public school full-time the year before enrolling in a private school and must have attended public school as of the enactment date of the bill and prior to enrolling in a home-based school. Taxpayers continue to qualify for the credit each year until their child graduates or returns to a public school. Both the parent/guardian of a child and the child's scholarship benefactor can qualify for a credit. The credit is not refundable but can be carried forward for three years.
For the full bill paste this link into your browser. http://goo.gl/vzqsm