Please help all public and nonpublic
school children by contacting your state Representative AS
SOON AS POSSIBLE about an important legislative initiative.
Ask your State Representative
to join others in co-sponsoring The Education Improvement Tax Credit
Act, HB 630.
The bill allows a business to
receive a 50% tax credit for contributions up to $150,000 to Education
Improvement Organizations that would help public and non-public school
students.
The credit is capped at $75,000 in
any year for each corporation. Thus, it provides a public match of
private contributions to non-profits focused on education. A total of
$30 million in credits will be available with $15 million dedicated to
public schools and $15 million dedicated to nonpublic schools.
Public schools can use the funds to
support innovative educational programs. This might include, but is
not limited, to improving classroom technology, subsidizing
extra-curricular program costs such as admission prices to museums and
other educational events.
Students living in households with
incomes of $60,000 or less (for a family with one child; an additional
$10,000 would be permitted for each additional child) will be eligible
to receive scholarships from scholarship organizations so they
can attend nonpublic schools.
HB 630 has been assigned to the
House Appropriations and Revenue. It is sponsored by J. Gooch Jr, and
currently co-sponsored by D. Floyd, P. Marcotte, J. Wayne, and M.
Weaver.
ACTION: Call 1-800-372-7181; EN
ESPAŅOL 1-877-739-5556 and leave the following message for your
Representative:
Please Co-Sponsor HB 630,
The Education Improvement Tax Credit. This will provide more funding
to help both public and nonpublic school students receive the
education they deserve. It encourages greater private investment by
Kentucky businesses to benefit all KY students. Our KY students will
receive greater resources for learning opportunities.
