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Bill > HB393
AL HB393
AL HB393Schools, failing, scholarships for students assigned to in order to attend another public or nonpublic school, income tax credits for contributions to scholarship granting organizations increased, Sec. 16-6D-9 am'd.
summary
Introduced
02/22/2022
02/22/2022
In Committee
03/02/2022
03/02/2022
Crossed Over
Passed
Dead
04/07/2022
04/07/2022
Introduced Session
Regular Session 2022
Bill Summary
Schools, failing, scholarships for students assigned to in order to attend another public or nonpublic school, income tax credits for contributions to scholarship granting organizations increased, Sec. 16-6D-9 am'd.
AI Summary
This bill amends Section 16-6D-9 of the Alabama Code to increase the income tax credit for contributions to scholarship granting organizations from 50% to 100% of the total contributions, up to $100,000 per individual taxpayer or married couple filing jointly. It also increases the annual cap on the total amount of tax credits from $25 million to $30 million. The bill also includes various administrative, financial, and academic accountability standards for scholarship granting organizations and participating schools.
Committee Categories
Budget and Finance, Education
Sponsors (1)
Last Action
Rereferred from W&ME to EP (on 03/02/2022)
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| BillText | http://alisondb.legislature.state.al.us/ALISON/SearchableInstruments/2022RS/PrintFiles/HB393-int.pdf |
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