Posted: | March 26, 2014 01:38 PM |
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From: | Representative James R. Roebuck, Jr. |
To: | All House members |
Subject: | EITC for Education Improvement Organizations serving Low Achieving Schools |
In the near future I intend to introduce legislation that would establish a new Educational Improvement Opportunity Tax Credit program to authorize $50 million in tax credits for businesses that contribute to an Education Improvement Organization that provide grants to school districts with low achieving schools to improve their academic performance in meeting state academic standards. A low achieving school is a public school that is ranked in the lowest 15% based on combined mathematics and reading scores from the annual state assessments. There are currently an estimated 406 schools in the state that are low achieving schools. School districts receiving grants from Education Improvement Organizations funded through these tax credits for business would initiate an educational improvement program that could include the following initiatives:
I want to stress that the additional $50 million in tax credits for this program would not replace but would be in addition to tax credits provided in the existing Educational Improvement Tax Credit programs. If you have any questions, please contact my office at 717-787-7044. Thank you in advance for your support. |
Introduced as HB2147