Bills › 88th General Assembly
Relating to the school tuition organization tax credit available against the individual and corporate income tax and including retroactive applicability provisions
Where it is now
- Done: IntroducedFebruary 13, 2020
- Done: SubcommitteeFebruary 18, 2020
- Stopped: Senate committeeDied when the General Assembly ended
- Next: Passes the Senate
- Next: House committee
- Next: Passes the House
- Next: To the Governor
- Next: Signed into law
Died when the session ended The 2020 session adjourned on June 14, 2020, the General Assembly’s last regular session. Bills that didn’t pass both chambers died. What’s a funnel?
What’s in it
This bill strikes the requirement that a “qualified school” be accredited as defined in Code section 256.11 in order to be eligible for the school tuition organization tax credit program in Code section 422.11S. Individual or corporate income tax, as applicable, are reduced by the school tuition organization tax credit equal to percent of the amount of the contribution made by the taxpayer to a school tuition organization, subject to the limitations in Code section 422.11S(8). The bill applies retroactively to tax years beginning on or after January 1, 2020.
Senate subcommittee
Named February 18, 2020. On March 2, 2020 it recommended amendment and passage.
Three legislators hear a bill first and recommend what the committee should do; it’s the best time to weigh in. How to take part