Rep. Kurk is speaking here against HB 1607, sister to SB 372, on the House floor, when the bill came to a vote on March 29th. Since then, the sponsor has worked closely with Rep. Kurk to mitigate his concerns about the impact to local property tax payers. The result is an amendment that caps the amount of state aid a school district could lose to the tax credit program at .25% of the school budget.
As a result, Rep. Kurk will probably vote for SB 372 when it comes to the house floor. However, if the program grew as it could over the next 10 years, issuing over $120 million in tax credits, it would still have a major budgetary impact, whether paid for by the local tax payer or the state budget, a concern expressed by Rep. David Hess (R-Hooksett), here, and Rep. Russell Ober (R-Hudson), here.
Education Bills in the New Hampshire Legislature > SB372 -FN-L (2012, passed, pending Gov. sig.) establishing an education credit against the business profits tax >