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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

Yvonne Thomas voted Nay (Override of Veto) on this Legislation.

Read statements Yvonne Thomas 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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