Vote Smart's Synopsis:

Vote to pass a bill that establishes tax credits for private school tuition and home-based education, effective January 1, 2016.

Highlights:

• Requires a private school to issue a tax credit certificate to a taxpayer who enrolls a “qualified child” or who provides a scholarship to a “qualified child” for enrollment (Sec. 2).

• Defines a “qualified child” as a child enrolled full-time in a public school the prior school year to enrollment in a private school, not including the following children (Sec. 2):
• A child enrolled in private school during the 2014-2015 school year; or
• A child schooled at home during the 2014-2015 school year.

• Specifies that the tax credit for a qualified child who is enrolled full-time is equal to the lesser of the following amounts (Sec. 2):
• The total amount of tuition paid or scholarship provided for enrollment; or
• 50 percent of the previous year’s state average per pupil revenue.

• Specifies that the tax credit for a qualified child who is enrolled part-time is equal to the lesser of the following amounts (Sec. 2):
• The total amount of tuition paid or scholarship provided for enrollment; or
• 25 percent of the previous year’s state average per pupil revenue.

• Establishes an income tax credit of $1,000 for a taxpayer who uses home-based education for a child who was enrolled full-time at a public school in the previous school year (Sec. 2).

• Establishes an income tax credit of $500 for a taxpayer who uses home-based education for a child who was enrolled part-time at a public school in the previous school year (Sec. 2).

Full Bill Text