SB18-083

SB18-083 - Education Income Tax Credits For Nonpublic School

Postponed Indefinitely
Concerning the creation of income tax credits for nonpublic education, and, in connection therewith, reducing an appropriation.

The bill establishes a private school tuition income tax credit commencing on or after January 1, 2019, that allows any taxpayer to claim a credit when the taxpayer enrolls a qualified child in a private school or the taxpayer provides a scholarship to a qualified child for enrollment in a private school. The private school issues the taxpayer a credit certificate and the amount of the credit is:

 

  • For full-time attendance, an amount equal to either the tuition paid or the scholarship provided to a qualified child, as applicable, or 50% of the previous year's state average per pupil revenues, whichever is less; and
  • For half-time attendance, an amount equal to either the tuition paid or the scholarship provided to a qualified child, as applicable, or 25% of the previous year's state average per pupil revenues, whichever is less.

The bill also establishes an income tax credit commencing on or after January 1, 2019, that allows any taxpayer who uses home-based education for a qualified child to claim an income tax credit in an amount equal to:

 

  • $1,000 for a taxpayer who uses home-based education for a qualified child who was enrolled on a full-time basis in a public school in the state prior to being taught at home; and
  • $500 for a taxpayer who uses home-based education for a qualified child who was enrolled on a half-time basis in a public school in the state prior to being taught at home.

Both credits may be carried forward for 3 years but may not be refunded. In addition, the credits may be transferred, subject to certain limitations.

(Note: This summary applies to this bill as introduced.)

 

House Committees

Latest update: May 7, 2018
05/07/2018 - House Committee on Education Postpone Indefinitely
04/18/2018 - Introduced In House - Assigned to Education
04/17/2018 - Senate Third Reading Passed - No Amendments
04/16/2018 - Senate Second Reading Passed with Amendments - Committee
04/13/2018 - Senate Second Reading Laid Over Daily - No Amendments
04/10/2018 - Senate Committee on Appropriations Refer Amended to Senate Committee of the Whole
02/06/2018 - Senate Committee on Finance Refer Unamended to Appropriations
01/12/2018 - Introduced In Senate - Assigned to Finance