2012 Regular Session Low-Income Student Scholarship and Family Tax Credit Act; enact. AN ACT TO CREATE THE LOW-INCOME STUDENT SCHOLARSHIP AND FAMILY TAX CREDIT ACT; TO DEFINE CERTAIN TERMS USED HEREIN; TO PROVIDE THAT QUALIFYING STUDENTS SHALL BE ELIGIBLE TO USE A TAX CREDIT SCHOLARSHIP FROM CERTAIN SCHOLARSHIP ORGANIZATIONS TO COVER ELIGIBLE EDUCATIONAL EXPENSES; TO PROVIDE FOR A CORPORATE TAX CREDIT NOT TO EXCEED 50% OF THE TAXPAYERS TAX LIABILITY FOR CONTRIBUTIONS TO CERTAIN SCHOLARSHIP ORGANIZATIONS; TO STIPULATE THE REQUIREMENTS TO BE ABIDED BY FOR NONPUBLIC SCHOOLS ACCEPTING STUDENTS FOR ENROLLMENT WHO RECEIVE SCHOLARSHIPS UNDER THE PROVISIONS OF THIS ACT; TO PRESCRIBE THE REQUIREMENTS TO BE ADHERED TO BY SCHOLARSHIP ORGANIZATION ADMINISTERING TAX CREDIT SCHOLARSHIPS; TO PROVIDE THAT TAXPAYERS MAY ONLY CLAIM CREDITS FOR CONTRIBUTIONS MADE TO A SCHOLARSHIP ORGANIZATION; TO ALLOW UNUSED CREDITS TO BE CARRIED FORWARD FOR FIVE YEARS; TO REQUIRE THE DEPARTMENT OF REVENUE TO PROVIDE AN ANNUAL LEGISLATIVE REPORT ON THE TAX CREDITS ALLOWED UNDER THIS ACT; TO REQUIRE CERTAIN SCHOOLS TO PROVIDE AN ASSESSMENT OF EDUCATIONAL PROGRESS OF STUDENTS ENROLLED TO THE PARENTS OF THOSE STUDENTS AND THE SCHOLARSHIP ORGANIZATION; TO PRESCRIBE THE POWERS AND DUTIES OF THE DEPARTMENT OF REVENUE WITH REGARD TO THE ADMINISTRATION OF THIS ACT; TO PROVIDE THAT NONPUBLIC SCHOOLS WHICH ADMIT STUDENTS RECEIVING TAX CREDIT SCHOLARSHIPS ARE NOT AGENTS OF THE STATE OR FEDERAL GOVERNMENT; TO PROVIDE THAT THE PROVISIONS OF THIS ACT SHALL BE SEVERABLE IF ONE OR MORE PROVISION IS DEEMED UNCONSTITUTIONAL; AND FOR RELATED PURPOSES. 03/28/12 at 12:34 H B 1155 House Bill 1155 HB 1155 H Dead Revenue Yes Three/Fifths July 1, 2012 Education T ../../House_cmtes/ED.xml Ways and Means F ../../House_cmtes/WM.xml Moore ../../House_authors/Moore.xml 1 02/20 (H) Referred To Education;Ways and Means 2 03/28 (H) Died In Committee ../../../../documents/2012/pdf/HB/1100-1199/HB1155IN.pdf ../../../../documents/2012/html/HB/1100-1199/HB1155IN.htm ../../../../documents/2012/pdf/HB/1100-1199/HB1155IN.pdf ../../../../documents/2012/html/HB/1100-1199/HB1155IN.htm