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Key Votes

HB 1607 - Establishes a Tax Credit for Businesses that Donate to Certain Scholarship Funds - Key Vote

New Hampshire Key Votes

Christopher Serlin voted Nay (Passage) on this Legislation.

Read statements Christopher Serlin made in this general time period.

Stages

Family

Issues

Stage Details

Legislation - Veto Override Failed (Senate) (0-23) -
Legislation - Veto Override Passed (House) (226-112) - (Key vote)

Title: Establishes a Tax Credit for Businesses that Donate to Certain Scholarship Funds

Vote Smart's Synopsis:

Vote to override a veto of a bill that establishes an education tax credit for businesses that donate to organizations offering scholarships.

Highlights:
  • Authorizes businesses to claim a tax credit equal to 85 percent of their contribution to a scholarship organization in order to reduce their business profits and/or business enterprise taxes (Sec. 4).
  • Authorizes scholarships funds to be used for students to (Sec. 4):
    • Attend a nonpublic school;
    • Attend a public school outside of the school district in which the student resides; or
    • Cover home school expenses.
  • Specifies that students eligible for scholarships must meet the following criteria (Sec. 4):
    • New Hampshire resident;
    • At least 5 years of age;
    • No more than 20 years of age;
    • Has not yet graduated high school;
    • Currently attending a New Hampshire public school;
    • The student would have received from the state an “adequate” education grant if they were staying in the public school they are attending; and
    • Has an annual household income of less than or equal to 300 percent of the federal poverty guideline.
  • Requires organizations seeking approval as scholarship organizations to submit an application to the Department of Revenue annually (Sec. 4).
  • Requires businesses to submit an application for an education tax credit to the Department of Revenue each year (Sec. 4).
  • Prohibits a business from specifying that the contribution be used for a specific student or a specific nonpublic school (Sec. 4).
  • Prohibits the average value of all scholarships awarded by a scholarship organization, excluding scholarships for home school purposes from exceeding $2,500 each (Sec. 4).
  • Prohibits the academic expenses of home-schooled student from exceeding $650 each (Sec. 4).
  • Prohibits students from receiving scholarships from more than one scholarship organization annually (Sec. 4).
  • Specifies that the total amount of tax credits issued by the Department of Revenue shall not exceed $3.4 million for the first fiscal year of the program (Sec. 4).
Note:

NOTE: A TWO-THIRDS MAJORITY OF THOSE PRESENT AND VOTING IS REQUIRED TO OVERRIDE A GOVERNOR'S VETO.

Legislation - Vetoed (Executive) -

Title: Establishes a Tax Credit for Businesses that Donate to Certain Scholarship Funds

Legislation - Concurrence Vote Passed (House) -
Legislation - Bill Passed With Amendment (Senate) (17-7) - (Key vote)

Title: Establishes a Tax Credit for Businesses that Donate to Certain Scholarship Funds

Vote Smart's Synopsis:

Vote to override a veto of a bill that establishes an education tax credit for businesses that donate to organizations offering scholarships.

Highlights:
  • Authorizes businesses to claim a tax credit equal to 85 percent of their contribution to a scholarship organization in order to reduce their business profits and/or business enterprise taxes (Sec. 4).
  • Authorizes scholarships funds to be used for students to (Sec. 4):
    • Attend a nonpublic school;
    • Attend a public school outside of the school district in which the student resides; or
    • Cover home school expenses.
  • Specifies that students eligible for scholarships must meet the following criteria (Sec. 4):
    • New Hampshire resident;
    • At least 5 years of age;
    • No more than 20 years of age;
    • Has not yet graduated high school;
    • Currently attending a New Hampshire public school;
    • The student would have received from the state an “adequate” education grant if they were staying in the public school they are attending; and
    • Has an annual household income of less than or equal to 300 percent of the federal poverty guideline.
  • Requires organizations seeking approval as scholarship organizations to submit an application to the Department of Revenue annually (Sec. 4).
  • Requires businesses to submit an application for an education tax credit to the Department of Revenue each year (Sec. 4).
  • Prohibits a business from specifying that the contribution be used for a specific student or a specific nonpublic school (Sec. 4).
  • Prohibits the average value of all scholarships awarded by a scholarship organization, excluding scholarships for home school purposes from exceeding $2,500 each (Sec. 4).
  • Prohibits the academic expenses of home-schooled student from exceeding $650 each (Sec. 4).
  • Prohibits students from receiving scholarships from more than one scholarship organization annually (Sec. 4).
  • Specifies that the total amount of tax credits issued by the Department of Revenue shall not exceed $3.4 million for the first fiscal year of the program (Sec. 4).
Legislation - Bill Passed (House) (173-127) - (Key vote)

Title: Establishes a Tax Credit for Businesses that Donate to Certain Scholarship Funds

Vote Smart's Synopsis:

Vote to pass a bill that establishes a tax credit for businesses that contribute to educational scholarship organizations.

Highlights:
  • Authorizes businesses to claim a tax credit equal to 85 percent of their contribution to a scholarship organization in order to reduce their business profits and/or business enterprise taxes (Sec. 4).
  • Authorizes scholarships funds to be used for students to (Sec. 4):
    • Attend a nonpublic school;
    • Attend a public school outside of the school district in which the student resides; or
    • Cover home school expenses.
  • Specifies that students eligible for scholarships must meet the following criteria (Sec. 4):
    • New Hampshire resident;
    • At least 5 years of age;
    • No more than 20 years of age;
    • Has not yet graduated high school;
    • Currently attending a New Hampshire public school;
    • The student would have received from the state an “adequate” education grant if they were staying in the public school they are attending; and
    • Has an annual household income of less than or equal to 300 percent of the federal poverty guideline.
  • Requires organizations seeking approval as scholarship organizations to submit an application to the Department of Revenue annually (Sec. 4).
  • Requires businesses to submit an application for an education tax credit to the Department of Revenue each year (Sec. 4).
  • Prohibits a business from specifying that the contribution be used for a specific student or a specific nonpublic school (Sec. 4).
  • Prohibits the average value of all scholarships awarded by a scholarship organization, excluding scholarships for home school purposes from exceeding $2,500 each (Sec. 4).
  • Prohibits the academic expenses of home-schooled student from exceeding $650 each (Sec. 4).
  • Prohibits students from receiving scholarships from more than one scholarship organization annually (Sec. 4).
  • Specifies that the total amount of tax credits issued by the Department of Revenue shall not exceed $3.4 million for the first fiscal year of the program (Sec. 4).
Legislation - Introduced (House) -

Title: Establishes a Tax Credit for Businesses that Donate to Certain Scholarship Funds

Sponsors

  • David J. 'D.J.' Bettencourt (NH - R) (Out Of Office)

Co-sponsors

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