2013
Regular Session
"Mississippi Opportunity Scholarship and Educational Improvement Tax Credit Act of 2013; establish.
AN ACT ENTITLED THE "MISSISSIPPI OPPORTUNITY SCHOLARSHIP AND EDUCATION IMPROVEMENT TAX CREDIT ACT OF 2013"; TO PROVIDE DEFINITIONS; TO PROVIDE AN OPPORTUNITY SCHOLARSHIP PROGRAM UNDER WHICH LOW-INCOME AND MIDDLE-INCOME STUDENTS IN PERSISTENTLY LOWEST ACHIEVING SCHOOLS AND ANY STUDENT WITH A DISABILITY MAY USE THE STATE PAYMENTS TO THEIR HOME SCHOOL DISTRICT TO PAY TUITION TO ATTEND A NONRESIDENT PUBLIC SCHOOL OR A PARTICIPATING PRIVATE SCHOOL; TO PROVIDE FOR A 3-YEAR PHASE-IN OF THIS OPPORTUNITY SCHOLARSHIP PROGRAM; TO PROVIDE STANDARDS FOR THE RECEIPT AND CALCULATION OF SUCH SCHOLARSHIPS; TO ESTABLISH AN OPPORTUNITY SCHOLARSHIP FUND; TO PROVIDE FOR THE PHASED-IN REDUCTION OF ADEQUATE EDUCATION FUND PAYMENTS IN RESIDENT SCHOOL DISTRICTS IN THE AMOUNT OF SUCH SCHOLARSHIP PAYMENTS; TO ESTABLISH AND EMPOWER AN EDUCATION OPPORTUNITY BOARD WITHIN THE STATE DEPARTMENT OF EDUCATION TO ADMINISTER THE OPPORTUNITY SCHOLARSHIP PROGRAM; TO PROVIDE FOR AN OPTIONAL LOCAL TUITION GRANT PROGRAM FOR SUCH STUDENTS; TO PROVIDE FOR A MIDDLE-INCOME SCHOLARSHIP PROGRAM; TO PRESCRIBE LIMITATIONS AND REQUIRE ANNUAL REPORTING; TO ESTABLISH AN EDUCATIONAL IMPROVEMENT TAX CREDIT (EITC) PROGRAM ADMINISTERED BY THE MISSISSIPPI DEVELOPMENT AUTHORITY TO PROVIDE FINANCIAL ASSISTANCE TO LOW- AND MIDDLE-INCOME FAMILIES SEEKING EDUCATIONAL OPTIONS FOR THEIR CHILDREN; TO AUTHORIZE THE INCOME TAX CREDIT FOR BUSINESS FIRMS MAKING CONTRIBUTIONS TO QUALIFIED EDUCATIONAL SCHOLARSHIP ORGANIZATIONS, PREKINDERGARTEN SCHOLARSHIP ORGANIZATIONS OR EDUCATIONAL IMPROVEMENT ORGANIZATIONS AND TO PROVIDE STANDARDS AND LIMITATIONS FOR SUCH CONTRIBUTIONS; TO PROVIDE THAT THE AMOUNT OF SUCH CONTRIBUTIONS ARE NONTAXABLE INCOME TO THE RECIPIENT; TO AMEND SECTION 27-7-17, MISSISSIPPI CODE OF 1972, TO PROVIDE A STATE INCOME TAX DEDUCTION FOR PARENTS WHO SEND THEIR CHILDREN OR DEPENDENTS TO A PRIVATE SCHOOL OR A HOMESCHOOL PROGRAM; AND FOR RELATED PURPOSES.
02/05/2013 at 17:42
S
B
2346
Senate Bill 2346
SB 2346
S
Dead
General Bill/Constitutional Amendment
No
Three/Fifths
July 1, 2013
Education
T
../../Senate_cmtes/ED.xml
Finance
F
../../Senate_cmtes/FI.xml
Watson
../../Senate_authors/Watson.xml
McDaniel
../../Senate_authors/McDaniel.xml
A
../../code_sections/027/00070017.xml
1
01/21 (S) Referred To Education;Finance
2
02/05 (S) Died In Committee
../../../../documents/2013/pdf/SB/2300-2399/SB2346IN.pdf
../../../../documents/2013/html/SB/2300-2399/SB2346IN.htm
../../../../documents/2013/pdf/SB/2300-2399/SB2346IN.pdf
../../../../documents/2013/html/SB/2300-2399/SB2346IN.htm
N
../../../../documents/2013/pdf/fiscalnotes/SB2346.pdf