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Thu April 18, 2013
N.H. Senate Ends Education Tax Credit Repeal Bid
The New Hampshire Senate has voted along party lines to table a proposal that would have repealed a controversial education tax credit. The vote effectively kills the effort to repeal the law, which went into effect in January.
The credit lets businesses claim an 85 percent tax credit for money donated to qualified scholarship organizations. Those organizations then award scholarships worth an average of $2,500 dollars to qualified, low-income students who can use it for a private school, homeschooling or an out-of-district public school.
Opponents of the law say it will sap money from the state’s public schools, and its supporters argue that it will provide choices for students who don’t succeed in the public school setting.