SB 0899 Expands state tax credit for contributions to authorized dropout abatement pilot programs
Sponsor:Dougherty Co-Sponsor(s)
LR Number:3757S.01I Fiscal Note:3757-01
Committee:Ways and Means
Last Action:03/12/02 - Hearing Scheduled But Not Heard S Ways & Means Journal page:
Effective Date:August 28, 2002
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Current Bill Summary

SB 899 - This act expands the tax credit for sponsorship and mentoring programs to include a business dropout abatement pilot program. This program allows businesses to support educational efforts and work related programs for "at risk" students. The amount which may be claimed by a single taxpayer is limited to the lesser of $5,000 per eligible student or the amount of net expenditures which the taxpayer makes for a student's participation in the program.

The Department of Elementary & Secondary Education shall establish rules, guidelines and criteria for approved programs. The programs are to be established by school districts and businesses.

This act is similar to SB 574 (2001).