2003 House Bill 4357

Income tax credit for public school contributions

Introduced in the House

March 18, 2003

Introduced by Rep. Edward Gaffney (R-1)

To authorize a refundable income tax credit of up to $500 for contributions to a nonprofit educational foundation which dedicates all gifts, funds and bequests to public schools.

Referred to the Committee on Tax Policy

May 19, 2004

Reported without amendment

With the recommendation that the substitute (H-3) be adopted and that the bill then pass.