SB899 - Expands state tax credit for contributions to authorized dropout abatement pilot programs

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:
	Committee
Title:
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).
JEFF CRAVER