Introduced Senate Bill (S)

Authored by

DIGEST

Scholarship granting organization tax credit. Eliminates the income tax credit for contributions made to a scholarship granting organization beginning after December 31, 2016. (Does not preclude a taxpayer from carrying forward any unused tax credit attributable to a contribution made before the elimination of the credit.) Provides instead an income tax deduction for contributions to a scholarship granting organization beginning after December 31, 2016. Scholarship granting organization tax credit. Eliminates the income tax credit for contributions made to a scholarship granting organization beginning after December 31, 2016. (Does not preclude a taxpayer from carrying forward any unused tax credit attributable to a contribution made before the elimination of the credit.) Provides instead an income tax deduction for contributions to a scholarship granting organization beginning after December 31, 2016.