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Bill > S1620


FL S1620

FL S1620
Tax Credit Scholarship Programs


summary

Introduced
02/28/2014
In Committee
03/05/2014
Crossed Over
Passed
Dead
05/02/2014

Introduced Session

2014 Regular Session

Bill Summary

Creating a credit against the sales and use tax for contributions to an eligible nonprofit scholarship-funding organization; revising the disqualifying offenses for scholarship-funding organization owners and operators; establishing the Florida Sales Tax Credit Scholarship Program; providing parent, student, scholarship-funding organization, Department of Education, school district, and Commissioner of Education responsibilities, obligations, and powers with respect to the scholarship program, etc.

AI Summary

This bill establishes the Florida Sales Tax Credit Scholarship Program, allowing taxpayers to receive a credit against their sales and use tax for contributions made to eligible nonprofit scholarship-funding organizations, which then provide scholarships to eligible students. The bill revises the criteria for disqualifying offenses for owners and operators of these scholarship organizations, expands the definition of eligible students to include those from lower-income households and those in foster care, and clarifies responsibilities for parents, students, scholarship organizations, the Department of Education, school districts, and the Commissioner of Education. It also introduces new provisions for tax credit cap limits and requires enhanced background checks for individuals involved with scholarship organizations, while also allowing for the sharing of certain tax credit information between state agencies for notification purposes.

Committee Categories

Education

Sponsors (1)

Last Action

Withdrawn from further consideration, companion bill(s) passed, see CS/CS/SB 850 (Ch. 2014-184) (on 03/20/2014)

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