VA SB1191 | 2023 | Regular Session

Status

Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on January 10 2023 - 25% progression, died in chamber
Action: 2023-01-26 - Passed by indefinitely in Education and Health (9-Y 6-N)
Text: Latest bill text (Prefiled) [HTML]

Summary

Education Savings Account Program established; Education Education Savings Account Program established; Education Improvement Scholarships Tax Credits. Establishes the Education Savings Account Program, to be administered by the Department of Education, whereby the parent of any individual who is a resident of the Commonwealth and who is eligible to enroll in a public elementary or secondary school may apply for an Education Savings Account for his child into which the Department of Education deposits certain state and local funds and from which the parent makes certain enumerated qualifying expenses to educate his child in a setting and a manner other than full-time education in a public school. The bill requires the Program to be fully implemented prior to the beginning of the 2023–2024 school year. The bill also increases the value of the Education Improvement Scholarships income tax credit for a donation to a scholarship foundation from 65 percent to 100 percent of the donation. The bill removes the aggregate limit on tax credits per year, which under current law is $25 million, and removes individual minimum and maximum required donation amounts. The bill raises the threshold for students to qualify for scholarships from 300 percent of the current poverty guidelines to 1,000 percent of free or reduced-price lunch standards or, for eligible students with a disability, from 400 percent of the current poverty guidelines to 1,200 percent of such standards. The bill grants scholarship foundations the discretion to determine what expenses may be funded by tax-credit-subsidized scholarships. Under current law, such expenses are limited by statute. The bill expands eligibility for scholarships to any student who is a resident of the Commonwealth and eligible to enroll in a public elementary or secondary school in the Commonwealth. Current law restricts eligibility to certain categories of students. The bill removes the requirement that scholarship-funded schools report test results of scholarship-funded students. The provisions of the bill pertaining to the Education Improvement Scholarships income tax credits apply starting with taxable year 2023.

Tracking Information

Register now for our free OneVote public service or GAITS Pro trial account and you can begin tracking this and other legislation, all driven by the real-time data of the LegiScan API. Providing tools allowing you to research pending legislation, stay informed with email alerts, content feeds, and share dynamic reports. Use our new PolitiCorps to join with friends and collegaues to monitor & discuss bills through the process.

Monitor Legislation or view this same bill number from multiple sessions or take advantage of our national legislative search.

Title

Education Savings Account Program; established, Education Improvement Scholarships tax credits.

Sponsors


Roll Calls

2023-01-26 - Senate - Senate: Passed by indefinitely in Education and Health (9-Y 6-N) (Y: 9 N: 6 NV: 0 Abs: 0) [PASS]

History

DateChamberAction
2023-01-26SenatePassed by indefinitely in Education and Health (9-Y 6-N)
2023-01-17SenateAssigned Education sub: Public Education
2023-01-10SenateReferred to Committee on Education and Health
2023-01-10SenatePrefiled and ordered printed; offered 01/11/23 23100620D

Subjects


Code Citations

ChapterArticleSectionCitation TypeStatute Text
221222.1(n/a)See Bill Text
221222.9(n/a)See Bill Text
221254.1(n/a)See Bill Text
581439.25(n/a)See Bill Text
581439.26(n/a)See Bill Text
581439.28(n/a)See Bill Text

Virginia State Sources


Bill Comments

feedback