2021 House Bill 5405

Senate Roll Call 410: Passed

To authorize individual and business income tax credits equal to the amount a person contributes to a school choice scholarship granting organization authorized by Senate Bill 687. The bill authorizes up to $500 million in annual credits, which would increase over time based on demand according to a specified formula. Credits exceeding a contributor’s annual tax liability would not be refunded but could be “carried forward” and used against up to five years of future state tax liability.

19 Yeas / 15 Nays
Republican (19 Yeas / 0 Nays)
Democrat (0 Yeas / 15 Nays)
Excused or Not Voting (2)