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 23Published in Print: May 10, 2006, as Iowa Is Poised to Enact Tax-Credit Voucher Program