SB732
Income tax, state; nonpublic and public school tax credits.
Status:
Killed
Latest Action:
Jan. 28, 2026
Senate: Passed by indefinitely in Finance and Appropriations (10-Y 4-N)
Chief Patron:
Glen Sturtevant (R)
Session:
2026 Regular Session
Summary
As Introduced. Income tax; nonpublic and public school tax credits.
Creates a refundable nonpublic school and a refundable public school tax credit for taxable years 2026 through 2030 for (i) up to $5,000 in qualifying expenses, defined in the bill, incurred by the parent or legal guardian of an eligible student domiciled within Planning District 15 and enrolled in home ... (More) education or attending a private school or (ii) up to $1,500 in qualifying expenses incurred by the parent or legal guardian of an eligible student domiciled within Planning District 15 and enrolled in a public school. However, the bill limits such amounts that may be used for qualifying expenses incurred for computer expenses, internet access expenses, or transportation-related purposes to $2,000 and $600 for such taxpayers, respectively. (Less)-
Bill History
- 01/16/2026 - Senate: Presented and ordered printed 26104993D
- 01/16/2026 - Senate: Referred to Committee on Finance and Appropriations
- 01/27/2026 - Senate: Fiscal Impact statement From TAX (1/27/2026 2:05 pm)
- 01/28/2026 - Senate: Passed by indefinitely in Finance and Appropriations (10-Y 4-N)
