HB870: Income tax; authorize a credit for private school tuition and homeschooling expenses.

Legislative Summary

An Act To Authorize An Income Tax Credit For Payments Made By A Taxpayer For Tuition Required For A Child To Attend A Nonpublic School; To Provide For The Amount Of The Tax Credit; To Limit The Amount Of The Tax Credit That May Be Claimed In A Taxable Year; To Provide That Any Tax Credit Claimed But Not Used In A Taxable Year May Be Carried Forward For Five Years; To Authorize An Income Tax Credit For Expenses Paid By A Taxpayer Necessary For The Homeschooling Of A Child; To Provide For The Amount Of The Tax Credit; To Limit The Amount Of The Tax Credit That May Be Claimed In A Taxable Year; To Provide That Any Tax Credit Claimed But Not Used In A Taxable Year May Be Carried Forward For Five Years; And For Related Purposes.