2001 Senate Bill 371

Introduced in the Senate

March 29, 2001

Introduced by Sen. John J. H. Schwarz (R-24)

To repeal the tuition tax credit in the state income tax.

Referred to the Committee on Appropriations

Sept. 19, 2001

Substitute offered by Sen. Alma Smith (D-18)

Which would appropriate the money saved by repealing the tax credit to colleges and universities separately from their regular amounts, so that even if the regular appropriations were reduced by a given percentage, these tax credit funds would not be affected.

The substitute failed 11 to 22 (details)

Amendment offered by Sen. Joel Gougeon (R-34)

To appropriate funds saved by repealing the tax credit to colleges on a per-capita (per-student) basis.

The amendment failed 17 to 18 (details)

Substitute offered by Sen. John J. H. Schwarz (R-24)

Which would distribute the funds saved by repealing the tax credit to colleges using the same distribution formula on which their regular appropriations are based, and require them to certify that the funds will be rebated to students who have paid increased tuition rates this year.

The substitute passed 21 to 14 (details)

Passed in the Senate 21 to 14 (details)

To repeal the college tuition tax credit in the state income tax, distribute the funds saved by the repeal to colleges using the same distribution formula on which their regular appropriations are based, and require them to certify that the funds will be rebated to students who have paid increased tuition rates this year.

Received in the House

Sept. 19, 2001