hb0077.hca.04 Converted WP Floor Amendments

H.B. 77
TAX CREDIT FOR HOME-SCHOOLING PARENT

House Committee Amendments

Amendment 4 February 14, 2014 9:20 AM

Representative Steve Eliason proposes the following amendments:

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    (b) whether the tax credit should be extended, modified, or repealed.

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