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House of Representatives
Session of 2015 - 2016 Regular Session


Posted: February 2, 2016 02:31 PM
From: Representative James R. Santora
To: All House members
Subject: Clarifying Educational Improvement Tax Credit (EITC) applications in the alternative.
Please join me in cosponsoring legislation that would clarify issues relating to the timing of applications made to the Educational Improvement Tax Credit (EITC) program and the Opportunity Scholarship Tax Credits (OSTC) program.
Under current law, a business firm that applies for the programs may elect that its application for a particular credit should, in the alternative, be deemed an application for the other tax credit if the preferred choice of tax credit is not available. This legislation would clarify that when this option is utilized, the application for the alternative program must be treated as being submitted on the original date.
The order in which these credits are considered is important, because tax credits under these programs are issued on a first-come, first-served basis.
I ask for your support in clarifying how applications are considered under the EITC and OSTC programs.

Introduced as HB1875