Frank Ruff, Jr. voted Yea (Passage) on this Legislation.
Title: Establishes Tax Deductions for Corporations
Vote to pass a bill that establishes tax deductions for individuals and corporations that donate to scholarship foundations for 5 years beginning January 1, 2013.
- Individuals or married couples may not receive tax deductions in a single fiscal year of more than $50,000.
- Students whose family’s annual household income is less than 300 percent of the current poverty guidelines; or
- Eligible students with a disability:
- Classified by the federal Individuals with Disabilities Education Act; and
- Whose family's annual household income is less than 400 percent of the current poverty guidelines.
NOTE: THE LIEUTENANT GOVERNOR CAST A TIE-BREAKING VOTE ON THIS LEGISLATION.
Title: Establishes Tax Deductions for Corporations