MS HB1155 | 2012 | Regular Session

Status

Completed Legislative Action
Spectrum: Partisan Bill (Republican 1-0)
Status: Failed on March 28 2012 - 100% progression
Action: 2012-03-28 - Died In Committee
Text: Latest bill text (Introduced) [HTML]

Summary

An Act To Create The Low-income Student Scholarship And Family Tax Credit Act; To Define Certain Terms Used Herein; To Provide That Qualifying Students Shall Be Eligible To Use A Tax Credit Scholarship From Certain Scholarship Organizations To Cover Eligible Educational Expenses; To Provide For A Corporate Tax Credit Not To Exceed 50% Of The Taxpayers Tax Liability For Contributions To Certain Scholarship Organizations; To Stipulate The Requirements To Be Abided By For Nonpublic Schools Accepting Students For Enrollment Who Receive Scholarships Under The Provisions Of This Act; To Prescribe The Requirements To Be Adhered To By Scholarship Organization Administering Tax Credit Scholarships; To Provide That Taxpayers May Only Claim Credits For Contributions Made To A Scholarship Organization; To Allow Unused Credits To Be Carried Forward For Five Years; To Require The Department Of Revenue To Provide An Annual Legislative Report On The Tax Credits Allowed Under This Act; To Require Certain Schools To Provide An Assessment Of Educational Progress Of Students Enrolled To The Parents Of Those Students And The Scholarship Organization; To Prescribe The Powers And Duties Of The Department Of Revenue With Regard To The Administration Of This Act; To Provide That Nonpublic Schools Which Admit Students Receiving Tax Credit Scholarships Are Not Agents Of The State Or Federal Government; To Provide That The Provisions Of This Act Shall Be Severable If One Or More Provision Is Deemed Unconstitutional; And For Related Purposes.

Tracking Information

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Title

Low-Income Student Scholarship and Family Tax Credit Act; enact.

Sponsors


History

DateChamberAction
2012-03-28 Died In Committee
2012-02-20 Referred To Education;Ways and Means

Mississippi State Sources


Bill Comments

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