Introduced
by
To authorize an income tax credit of $100 for a single filer, or $200 for joint filers, for contributions to certain nonprofit “education foundations” that give money to public schools, including charter schools. For trusts the credit could be up to $5,000.
Referred to the Committee on Finance
Reported without amendment
With the recommendation that the substitute (S-1) be adopted and that the bill then pass.
Substitute offered
To extend the proposed tax credit to donations to education foundations that give money to private, denominational, and parochial schools as well as public schools, but only for "nonessential supplies and assistance".
The substitute passed by voice vote
Passed in the Senate 24 to 13 (details)
To authorize an income tax credit of $50 for a single filer, $100 for joint filers and $2,500 for trusts, for contributions to nonprofit “education foundations” that give money to public and private schools, but only for "nonessential supplies and assistance".
Referred to the Committee on Tax Policy
