Education improvement scholarships tax credits; expands eligibility, payout penalty. (SB553)
Introduced By
Sen. Siobhan Dunnavant (R-Henrico)
Progress
✓ |
Introduced |
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Passed Committee |
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Passed House |
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Passed Senate |
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Signed by Governor |
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Became Law |
Description
Education improvement scholarships tax credits; eligibility; payout penalty. Expands the education improvement scholarships tax credits program by including as eligible scholarship recipients children who are eligible to enter pre-kindergarten. In addition, the bill reduces the penalty for failure to fully disburse all donations received from 200 percent of the difference between 90 percent of the value of the donations it received and the amount disbursed to 100 percent of the difference. Under current law, foundations must spend at least 90 percent of donations on scholarships in order to avoid the penalty. This bill was incorporated into SB 172. Read the Bill »
Status
01/23/2018: Incorporated into Another Bill
History
Date | Action |
---|---|
01/09/2018 | Prefiled and ordered printed; offered 01/10/18 18102480D |
01/09/2018 | Referred to Committee on Finance |
01/22/2018 | Impact statement from DPB (SB553) |
01/23/2018 | Incorporated by Finance (SB172-Stanley) (16-Y 0-N) (see vote tally) |