Staff Analysis of the Legislation
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SUMMARY: LC 34 3620 Expands the types of tax liability that may be offset by corporations who donate to a private school scholarship organization.
REQUIREMENTS: - allows corporations who have state tax liabilities (other than for state income tax) resulting from the sale of alcoholic beverages, insurance premiums, or others to write off these liabilities in an amount the corporation donates to a private school scholarship organization.
POINTS TO CONSIDER: further deletes state revenues that may be appropriated to state services, including public education.
EFFECTIVE DATE: Upon approval by the General Assembly and Governor.
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