February 9, 2011
The House of Delegates has approved legislation that would establish a tax-credit program for corporations that donate cash to nonprofit groups that provide private-school scholarships to needy students.
The House voted 55-45 Tuesday to approve Del. Jimmie Massie's measure. Under the legislation, the state would be allowed to issue up to $25 million in such corporate tax breaks each fiscal year.
Massie has said the bill would benefit low-income students as well as save the state money because it would offset expenditures for K-12 education. But the fiscal impact remains unclear because it's unknown how many would receive scholarships.
The Virginia School Boards Association and other groups say it would take more money away from public education at a time when state K-12 funding has fallen drastically.
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