Introduced
by
To replace a number of existing state college scholarship programs with the means-tested refundable tax credit program proposed by House Bill 6680. “Refundable” means the state sends the tax filer a check for the difference between tax owed (if any) and the amount of the credit; this makes the credit equivalent in its effect to a regular college scholarship program. This bill would repeal the allocation of tobacco lawsuit settlement money that currently pays for the “promise grant” scholarships (formerly “merit award” scholarships).
Referred to the Committee on Tax Policy
