Posted by Adam Schaeffer
The New Hampshire House and Senate approved a a path-breaking education tax credit bill yesterday with an overwhelming 70 percent support in each chamber. The Governor must now decide whether to sign up with reform on the right side of history or face a veto-override battle.
The program includes home school expenses and allows the program to grow 25 percent each year if donations equal 80 percent or more of the program cap. It is income-limited, but scholarship organizations can use 20 percent of their funds for children who would otherwise not qualify, giving flexibility instead of a hard cut-off. It allows up to 30 percent of students to be currently enrolled in private school. It imposes no new regulations on private education beyond basic reporting to the department of taxation.