NH House votes on bill to repeal school tax credit
NH House voting on bill to repeal funding private scholarships with business tax credits
CONCORD, N.H. (AP) -- New Hampshire's House is considering repealing a new program that gives businesses a tax credit for donating to scholarship organizations that send students to private or public schools.
The House votes Wednesday whether to send a bill to the Senate that repeals the law that allows $3.4 million in tax credits to be issued the first year. So far, businesses have only donated about $127,000 to the program.
The business donations would go to organizations created to provide scholarships of up to $2,500 to eligible students. The scholarship amount would be adjusted for inflation.
Students attending private schools, public schools outside the student's home district and students schooled at home would qualify for scholarships. Income limits are set on who qualifies to receive a scholarship.
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