Introduced
by
To authorize a refundable income tax credit for equal to 10 percent of the first $10,000 of the cost of college courses that lead to a post-secondary degree or that improve a taxpayers job skills. This would be limited to a taxpayer at least 24 years old earning $51,000 per year or less, or $103,000 on a joint return. See also Senate Bill 387.
Referred to the Committee on Commerce and Labor
Reported without amendment
With the recommendation that the substitute (S-3) be adopted and that the bill then pass.
Substitute offered
To replace the previous version of the bill with one that limits the tax break to individuals who are employed by a company with 250 or fewer workers.
The substitute passed by voice vote
Passed in the Senate 35 to 2 (details)
To authorize a refundable income tax credit for equal to 10 percent of the first $10,000 of the cost of college courses that lead to a post-secondary degree or that improve a taxpayers job skills. This would be limited to a taxpayer at least 24 years old earning $51,000 per year or less, or $103,000 on a joint return, who is employed by a firm with less than 250 workers. See also Senate Bill 387.
Referred to the Committee on Tax Policy
