VIDEO: Senator Vicki Marble presents a school income tax credit bill to the Senate Education Committee

February 25, 2013

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



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