Education improvement scholarships; expands tax credit program. (SB1360)
Introduced By
Sen. Tommy Norment (R-Williamsburg) with support from co-patron Sen. Bill DeSteph (R-Virginia Beach)
Progress
✓ |
Introduced |
✗ |
Passed Committee |
☐ |
Passed House |
☐ |
Passed Senate |
☐ |
Signed by Governor |
☐ |
Became Law |
Description
Education improvement scholarships tax credits. Expands the education improvement scholarships tax credit program for taxable years 2023 through 2027 by (i) increasing from 65 percent to 100 percent the credit amount for the value of the monetary or marketable securities donation made by the person to an included scholarship foundation, (ii) removing the requirement that eligible pre-kindergarten children be at-risk four-year-olds unable to obtain services through Head Start or Virginia Preschool Initiative programs, (iii) requiring that nonpublic pre-kindergarten programs participate in the Unified Virginia Quality Birth to Five System (VQB5), rather than the Virginia Quality rating system, and (iv) expanding eligible students to include any school-aged child living in Virginia whose family income does not exceed 300 percent of federal poverty guidelines, regardless of prior public school enrollment or a recent move to Virginia. Read the Bill »
Outcome
History
Date | Action |
---|---|
01/11/2023 | Prefiled and ordered printed; offered 01/11/23 23101923D |
01/11/2023 | Referred to Committee on Finance and Appropriations |
01/22/2023 | Impact statement from TAX (SB1360) |
02/01/2023 | Passed by indefinitely in Finance and Appropriations (11-Y 5-N) (see vote tally) |