NH House to vote on school tax credit repeal

CONCORD, N.H. (AP) -- New Hampshire's House is voting whether to repeal a fledgling program that gives businesses a tax credit for donating to scholarship organizations that send students to private or public schools.

A majority of the House Ways and Means Committee is recommending repealing the law that would allow $3.4 million in tax credits to be issued the first year. So far, businesses have only donated about $127,000 to the program.

The business donations would go to organizations created to provide scholarships of up to $2,500 to eligible students. The scholarship amount would be adjusted for inflation.

Students attending private schools, public schools outside the student's home district and students schooled at home would qualify for scholarships. Income limits are set on who qualifies to receive a scholarship.

The House votes Wednesday.

Source: http://news.yahoo.com/nh-house-vote-school-tax-140659273.html

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