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HB21-1080

Nonpublic Education And COVID-19 Relief Act

Concerning the creation of income tax credits for costs incurred for nonpublic education, including costs incurred as a result of the COVID-19 pandemic.
Session:
2021 Regular Session
Subject:
Fiscal Policy & Taxes
Bill Summary

The bill establishes a private school tuition income tax credit commencing on or after January 1, 2021, that allows any taxpayer to claim a credit when the taxpayer enrolls a qualified child in a private school or the taxpayer provides a scholarship to a qualified child for enrollment in a private school. The private school issues the taxpayer a credit certificate and the amount of the credit is:

  • For full-time attendance, 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 revenues, whichever is less; and
  • For half-time attendance, 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 revenues, whichever is less.

The bill also establishes a home-based education income tax credit commencing on or after January 1, 2021, that allows any taxpayer who uses home-based education for a qualified child to claim an income tax credit in an amount equal to:

  • $1,000 for a taxpayer who uses home-based education for a qualified child who was enrolled on a full-time basis in a public school in the state prior to being taught at home; and
  • $500 for a taxpayer who uses home-based education for a qualified child who was enrolled on a half-time basis in a public school in the state prior to being taught at home.

Both credits may be carried forward for 3 years but may not be refunded. In addition, the credits may be transferred, subject to certain limitations.


(Note: This summary applies to this bill as introduced.)

Status

Introduced
Lost

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Bill Text

COVID-19 Resources
School Finance Poverty Study RFP 2021 (submit by 10 a.m. 8/6/2021)
NORTH ENTRANCE IS CURRENTLY CLOSED.  TO ENTER THE CAPITOL, USE THE SOUTH ENTRANCE, UNDER THE STAIRS, AT 14th AVENUE AND SHERMAN STREET.