House of Representatives State of Utah


         UTAH STATE CAPITOL COMPLEX . 350 STATE CAPITOL
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         P.O. BOX 145030 . SALT LAKE CITY, UTAH 84114-5030 . (801) 538-1029

        February 18, 2014

Madam Speaker:

    The Revenue and Taxation Committee reports a favorable recommendation on H.B. 77, TAX CREDIT FOR HOME-SCHOOLING PARENT, by Representative D. Lifferth, with the following amendments:

1.    Page 2, Lines 55 through 56 :    

             55          (b) "Home-schooled child" means a school-age minor who

  :

    (i)  
is excused from school

             56      attendance in accordance with Subsection 53A-11-102 (2)
{   .   }        ; and

    (ii) a home-schooling parent claims as a dependent under Section 151, Internal Revenue Code, on the home-schooling parent's federal individual income tax return for the taxable year.  


2.    Page 3, Lines 65 through 73 :    

             65          (2) Except as provided in Section 59-10-1002.2
  and subject to the other provisions of this section       , a claimant may claim a nonrefundable

             66      tax credit against a tax under this chapter of $500 for
{   each   }        a       home-schooled child if the claimant,

             67      or another claimant who files a joint return under this chapter with the claimant, is a
             68      home-schooling parent.
             69          (3) A home-schooling parent may claim a tax credit under this section regardless of
             70      whether the home-schooled child participates in an extracurricular activity in a public school in
             71      accordance with Section 53A-11-102.6
      (4) A home-schooling parent may not claim a tax credit under this section if the home-schooled child is enrolled in a dual enrollment program described in Section 53A-11-102.5       .

             72          (4) A tax credit under this section may
{   be claimed once per home-schooled child   }        not exceed $500       per

             73
     return for a taxable year.

1.    Page 1, Lines 11 through 14 :    

             11          This bill:
             12          .    defines terms;
             13          .    provides a nonrefundable tax credit for a home-schooling parent;
{   and   }

             14          .    provides that the tax credit for a home-schooling parent is subject to apportionment
{   .   }        ; and

    .     requires the Revenue and Taxation Interim Committee to conduct a study related to the tax credit.  


2.    Page 3, Lines 65 through 68 :    

             65          (2) Except as provided in Section 59-10-1002.2 ,
  for a taxable year beginning on or after January 1, 2014, but beginning on or before December 31, 2018,       a claimant may claim a nonrefundable

             66      tax credit against a tax under this chapter of $500 for each home-schooled child if the claimant,
             67      or another claimant who files a joint return under this chapter with the claimant, is a
             68      home-schooling parent.

3.    Page 3, Line 74 :    

             74          (5) A claimant may not carry forward or carry back a tax credit under this section.
      (6) On or before the November 2018 interim meeting, the Revenue and Taxation Interim Committee shall study the tax credit provided in this section and make findings and recommendations as to:

    (a) the purpose and effectiveness of the tax credit; and
    (b) whether the tax credit should be extended, modified, or repealed.  


    Respectfully,

    Ryan D. Wilcox
    Committee Chair

Voting: 7-4-5
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