an act establishing a committee to study a tuition
tax credit program.
last updated 03/15/03, 1:00PM
02/28/03 -- A letter from Rep Hinkle, House Ways & Means Committee
member
On Wednesday, March 5 the House Ways & Means Committee will hear House
Bill 773 which would establish a committee to study a tax credit
program that would allow home schoolers to receive a credit against
the state wide education property tax, the interest and dividends tax,
or the business profits tax up to some limit.
This is a good opportunity for homeschoolers to be heard regarding the
unfair situation of their having to pay an education tax while paying
separately for the education of their own children. Having a large
number of people appear before a committee can have a favorable impact
on the committee members, so it would be helpful to have as many people
appear and testify as possible.
The Ways & Means Committee meets in Room 202 of the Legislative Office
Building behind the state capital.
Anyone that would like more information can call me at 429-2299.
Representative Peyton Hinkle
District 58
03/10/03 - House Ways and Means Majority Report
From House Calendar No. 22, dated 03/14/03:
HB 773, establishing a committee to study a tuition tax credit program. OUGHT TO PASS WITH
AMENDMENT
Rep. Peyton B. Hinkle for Ways and Means: This bill creates a committee to study the benefits of
establishing a tuition tax credit program for non-public school education alternatives. The majority of the
committee felt it was worthwhile to explore this approach to improving overall education in the state. A
primary goal of the study committee will be to assess how such a program can be structured to achieve a
balance between revenue receipts and expenditures. Vote 9-5.
03/10/03 -- Amendment to HB 773
From House Calendar No. 22, dated 03/14/03:
Amendment to HB 773
Proposed by the Committee on Ways and Means - R
Amend the bill by replacing section 3 with the following:
3 Duties.
I. The committee shall study the benefits of establishing a tuition
tax credit program and the financial impact of granting a credit
against state taxes for tuition paid to nonpublic schools or to
qualifying nonprofit student scholarship programs.
Such a program may:
(a) Allow parents of students to choose a nonpublic school education
and to receive a credit against the statewide education property tax,
the interest and dividends tax, or the business profits tax; and
(b) Allow other taxpayers to receive a similar credit by contributing
to a qualifying nonprofit student scholarship organization which pays
the tuition for eligible nonpublic school students.
II. The committee shall examine various scenarios related to
eligibility levels, tax credit caps, household income thresholds,
and estimated participation in order to determine financial impact
on the state, the nonpublic school education programs, and the
taxpayers of New Hampshire. A principal goal of the committee shall
be to assess how and if such a program can be structured to be
combined revenue expenditure balanced to state and local government
obligations for funding public education.
2003-0618h