Tweets

Colorado Rights Blog

SB14-033: Tax Credits For Nonpublic Education

Bill Number: SB14-033
Year: 2014
ACLU Position: Oppose
Sponsors: Lundberg

Description:

The bill establishes a private school tuition income tax credit for income tax years commencing on or after January 1, 2014, that allows any taxpayer to claim a credit when the taxpayer enrolls a dependent qualified child in a private school or the taxpayer provides a scholarship to a qualified child for enrollment in a private school and the private school issues the taxpayer a credit certificate for either enrolling a dependent qualified child in the private school or providing a scholarship to a qualified child for enrollment in the private school.

The credit may be carried forward for 3 years but not refunded, and the department of revenue is granted rule-making authority. The
amount of the credit is: • For any qualified child attending a private school on a full-time basis as described in the state board of education rules, an amount equal to either the tuition paid or the scholarship provided to a qualified child, as applicable, or 50% of the previous year's state average per pupil revenue, whichever is less; and • For any qualified child attending a private school on a half-time basis as described in the state board of education rules, an amount equal to either the tuition paid or the scholarship provided to a qualified child, as applicable, or 25% of the previous year's state average per pupil revenue, whichever is less.

The bill establishes an income tax credit for income tax years commencing on or after January 1, 2014, that allows any taxpayer who
home-schools a qualified child to claim an income tax credit: • In an amount equal to $1,000 for a taxpayer who home-schools a qualified child who was enrolled on a full-time basis as described in the state board of education rules in a public school in the state prior to being home-schooled; and  • In an amount equal to $500 for a taxpayer who home-schools a qualified child who was enrolled on a half-time basis as described in the state board of education rules in a public school in the state prior to being home-schooled.

The credit may be carried forward for 3 years but not refunded.


Current Status:

01/22/2014 - Senate Committee on State, Veterans, & Military Affairs Postpone Indefinitely
01/08/2014 - Introduced In Senate - Assigned to State, Veterans, & Military Affairs



Return to Search Menu