Income tax credits related to education; neighborhood organizations. (SB1160)

Introduced By

Sen. Frank Ruff (R-Clarksville)

Progress

Introduced
Passed Committee
Passed House
Passed Senate
Signed by Governor
Became Law

Description

Income tax credits related to education. Makes changes to the Neighborhood Assistance Act tax credit program, as it relates to educational services, and the Education Improvement Scholarships tax credit program. The bill provides that in making an allocation of credits to neighborhood organizations under the neighborhood assistance program, the Superintendent of Public Instruction shall consider the portion of the organization's total revenues used to support low-income persons and qualified students with disabilities, not just the amount of credits that an organization received for the prior year. The bill also allows certain neighborhood organizations that provide scholastic assistance services, defined as scholastic assistance organizations, to be eligible to receive an allocation of education improvement scholarship tax credits and establishes guidelines for receiving such an allocation. The bill contains technical amendments. Amends § 58.1-439.25, § 58.1-439.28, of the Code of Virginia. Read the Bill »

Status

01/02/2019: Awaiting a Vote in the Finance Committee

History

DateAction
01/02/2019Prefiled and ordered printed; offered 01/09/19 19100581D
01/02/2019Referred to Committee on Finance

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