Education Improvement Scholarships Tax Credits; repealing tax credit. (HB521)
Introduced By
Progress
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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. Repeals the Education Improvement Scholarships Tax Credits. Any qualifying donations made prior to July 1, 2020, shall be eligible for the credit, including the ability to carry over the credit, as it was in effect on June 30, 2020. Read the Bill »
Outcome
Bill Has Failed
History
| Date | Action |
|---|---|
| 01/04/2020 | Committee |
| 01/04/2020 | Prefiled and ordered printed; offered 01/08/20 20100945D |
| 01/04/2020 | Referred to Committee on Finance |
| 01/11/2020 | Impact statement from TAX (HB521) |
| 01/29/2020 | Continued to 2021 in Finance |
Comments
This bill would remove the Education Improvement Scholarship Tax Credit in VA. This tax credit program is vital to our family and many others:
The Education Improvement Scholarship is funded by private donors who want to help private schools offer more scholarships to low and middle income families so they can afford private school education that they otherwise wouldn’t have access to.
The Tax Credit program basically allows donors to the Education Improvement Scholarship Fund to claim 65% of their donation as a tax credit. This encourages more donations, which allows for even more support for families in need of the scholarship.
This is important not only from a pure academic perspective. It also gives more families a real choice in how they educate their children based on their values, which provides for greater educational diversity in VA.
Removing the tax credit related to the scholarship (which is what HB521 does) will significantly hinder private school education in VA. It will effectively take away this vital choice from so many working and middle class families in VA. Please do not take this opportunity away from my child and thousands of others like her. Please do everything in your power to preserve this program for her and for the many other children who rely on it in our community and across Virginia. Please OPPOSE HB 521.
Sincerely,
Matthew Johnson
Public "educators" are among the most collectivist forces in the USA.
This is a terrible idea. It does nothing to help anyone (students least of all) except the corrupt and coercive teachers unions and ed bureaucrats. No, No, No. Mike
This is a very bad bill. Only a Democrat from Fairfax would suggest something like this.