SB 962 - Ridgeway, Luann
Creates the "Missouri Student Success Scholarships Tax Credit Program"
Bill Details
Sponsor
LR Number
4671S.01I
Title
SB 962
House Handler
N/A
Journal Page
N/A
Effective Date
August 28, 2006
Committee
Current Status
Hearing Conducted S Education Committee
Quick Links
Amendments
No amendments available
CURRENT BILL SUMMARY
SB 962 - This act provides a tax credit for individual and corporate contributions to organizations that provide educational scholarships to eligible students residing in St. Louis City, Kansas City, or the Wellston School District so they can attend qualified public and non-public schools of their parent's choice. The tax credit is equal to one hundred percent of the contribution. The credit is non-refundable but may be carried forward three years. No more than forty million dollars of tax credits may be allocated statewide for any one fiscal year.
If a student uses the scholarship to attend another public school such scholarship shall replace the state funding that would be owed for that student.
The Committee on Legislative Research will conduct a study on this program. The provisions of this act will sunset six years from the effective date if not reauthorized.
JASON ZAMKUS