|Posted:||December 13, 2018 10:33 AM|
|From:||Representative Pam Snyder|
|To:||All House members|
|Subject:||Tax Credits for Educational Investment in Depressed Areas|
|It is well documented that students with a lower socioeconomic status encounter fewer educational opportunities outside of school, making them less prepared than their more financially stable peers to meet core academic standards. Businesses already address these gaps by investing countless hours and offering needed funding towards educational programs in their community, however more can be done to encourage businesses to give.
My legislation would provide businesses with a tax credit for contributing to educational programs occurring outside the school setting and in areas the Secretary of the Department of Community of Economic Development (DCED) certifies as economically disadvantaged. This is the perfect blend between the Educational Improvement Tax Credit (EITC) and the Neighborhood Assistance Program Tax Credit (NAP), as it would help encourage needed funding and support for educational opportunities but focus them in areas which are most underserved.
Please join my efforts to bring equity to education and incentivize businesses to invest in the next generation by co-sponsoring this important legislation.
Introduced as HB42