Comments: IN SB0345 | 2016 | Regular Session

Bill Title: Scholarship granting organization tax credit. Eliminates the income tax credit for contributions made to a scholarship granting organization beginning after December 31, 2016. (Does not preclude a taxpayer from carrying forward any unused tax credit attributable to a contribution made before the elimination of the credit.) Provides instead an income tax deduction for contributions to a scholarship granting organization beginning after December 31, 2016.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced - Dead) 2016-01-07 - First reading: referred to Committee on Tax & Fiscal Policy [SB0345 Detail]

Text: Latest bill text (Introduced) [PDF]

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