Published Online: May 9, 2006
Published in Print: May 10, 2006, as Iowa Is Poised to Enact Tax-Credit Voucher Program

News in Brief: A State Capitals Roundup

Iowa Is Poised to Enact Tax-Credit Voucher Program

Iowa lawmakers approved a measure May 2 that would establish a tax credit for individuals who make donations to groups that provide scholarships to help low-income students pay tuition at private religious or secular schools.

Gov. Tom Vilsack, a Democrat who vetoed a similar proposal in 2004, is expected to approve the program, said Troy M. Price, a spokesman for the office of the governor.

Under the legislation, individuals would receive a tax credit for donating to nonprofit scholarship organizations that would be set up to distribute the money to a group of schools. The state could not give out more than $2.5 million in tax credits for fiscal year 2007.

The schools would then award scholarships to low-income students. The grants would be distributed based on need and could not exceed the school’s tuition.

Vol. 25, Issue 36, Page 23

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