Louisiana 2013 Regular Session

Louisiana House Bill HB324

Introduced
4/8/13  
Refer
4/8/13  
Report Pass
5/28/13  

Caption

Authorizes an income tax rebate for donations to certain schools (RE DECREASE GF RV See Note)

Impact

The enactment of HB 324 is expected to have a significant impact on educational funding within the state. It establishes a system that could channel additional financial resources to schools, especially those that may be struggling academically or financially. The bill imposes a cap on the annual rebates issued, set at ten million dollars per calendar year, which may increase if the rebates reach 90% of that cap in any given year. This model promotes community engagement in school financing while potentially alleviating budgetary strain on public education funding by leveraging private contributions.

Summary

House Bill 324 introduces an income tax rebate mechanism intended to encourage donations to public schools. Specifically, the bill allows taxpayers to receive a rebate equivalent to 75% of their contributions to public schools, provided they file a state income tax return. The funds contributed must be utilized for enhancing instructional materials, establishing and maintaining tutorial programs, supporting in-school childcare for student parents, and other costs related to school health clinics. This initiative aims to bolster educational resources directly by incentivizing community support for public schools.

Sentiment

The sentiment surrounding HB 324 appears to be supportive among pro-education advocates and community members eager to enhance funding for local schools. Proponents argue that the tax rebate could lead to a surge in donations, thereby using state tax policy as a tool for educational improvement. However, there are concerns from critics about the reliance on private donations to meet educational needs, as this may not be a sustainable or equitable source of funding across diverse districts.

Contention

Notable points of contention in discussions surrounding the bill include the monitoring of how donations are utilized in schools, as well as concerns regarding accountability and transparency in reporting. Public schools will be required to issue standardized receipts for donations and provide reports annually to state authorities in compliance with the rebate program. Furthermore, the requirement for the Department of Revenue to oversee the distribution of rebates indicates a level of state control over this new funding mechanism, which may lead to debates on local versus state governance in funding educational initiatives.

Companion Bills

No companion bills found.

Previously Filed As

LA HB1106

Authorizes a rebate for donations to certain public schools (EN DECREASE GF RV See Note)

LA SB123

Authorizes an income tax credit for donations to certain public schools. (1/1/26) (EN -$1,000,000 GF RV See Note)

LA HB170

Authorizes an income tax rebate for donations to public schools

LA SB134

Authorizes a tax credit for donations to certain public schools. (1/1/24) (RE -$10,000,000 GF RV See Note)

LA HB707

Authorizes a rebate for donations to certain public schools

LA SB95

Changes the rebate for donations to certain school tuition organizations to a nonrefundable income tax credit. (gov sig) (EN INCREASE GF RV See Note)

LA HB443

Provides for individual income tax credits for donations made to school tuition organizations (EG1 -$705,000 GF RV See Note)

LA SB220

Provides relative to the income tax credit for donations to school tuition organizations. (8/1/23) (OR DECREASE GF RV See Note)

LA SB697

Authorizes a rebate for taxpayers who donate to certain school tuition organizations. (8/1/12) (OR SEE FISC NOTE GF EX See Note)

LA HB185

Authorizes a tax credit for donations made to the La. Community and Technical College System (OR DECREASE GF RV See Note)

Similar Bills

No similar bills found.