HB 1298-FN - AS INTRODUCED
2022 SESSION
22-2342
10/08
HOUSE BILL 1298-FN
AN ACT relative to eligibility for the education tax credit.
SPONSORS: Rep. Cordelli, Carr. 4; Rep. Hill, Merr. 3; Rep. Moffett, Merr. 9; Rep. McGuire, Merr. 29; Rep. Piemonte, Rock. 4; Rep. A. Lekas, Hills. 37; Rep. Hobson, Rock. 35; Rep. Osborne, Rock. 4
COMMITTEE: Education
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ANALYSIS
This bill increases the household income level to qualify as an eligible student under the education tax credit program.
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Explanation: Matter added to current law appears in bold italics.
Matter removed from current law appears [in brackets and struckthrough.]
Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.
22-2342
10/08
STATE OF NEW HAMPSHIRE
In the Year of Our Lord Two Thousand Twenty Two
AN ACT relative to eligibility for the education tax credit.
Be it Enacted by the Senate and House of Representatives in General Court convened:
1 Education Tax Credit; Definition of Eligible Student; Household Income. Amend RSA 77-G:1, VIII(b) to read as follows:
(b) Whose annual household income is less than or equal to [300] 500 percent of the federal poverty guidelines as updated annually in the Federal Register by the United States Department of Health and Human Services under the authority of 42 U.S.C. section 9902(2). The scholarship organization shall verify eligibility under this subparagraph.
2 Effective Date. This act shall take effect upon its passage.
22-2342
10/18/21
HB 1298-FN- FISCAL NOTE
AS INTRODUCED
AN ACT relative to eligibility for the education tax credit.
FISCAL IMPACT: [ X ] State [ ] County [ ] Local [ ] None
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| Estimated Increase / (Decrease) | |||
STATE: | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
Appropriation | $0 | $0 | $0 | $0 |
Revenue | $0 | Indeterminable | Indeterminable | Indeterminable |
Expenditures | $0 | $0 | $0 | $0 |
Funding Source: | [ X ] General [ X ] Education [ ] Highway [ ] Other | |||
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METHODOLOGY:
This bill amends the Education Tax Credit (RSA 77-G) by changing eligibility for total household income from 300 percent of the federal poverty guidelines to 500 percent of the federal poverty guidelines. Increasing the total household income will increase the number of students qualified to receive an Education Tax Credit scholarship. The Department of Revenue Administration states the impact on state revenue is a function of both the number and amount of donations made to the Education Tax Credit program and the number of scholarships issued with those donations. Therefore, it is assumed for there to be an impact on business profits tax revenue, business enterprise tax revenue and/or interest and dividends revenue there would need to be an increase in donations to the Education Tax Credit program. The Department is not able to determine if donations will increase or estimate the impact on revenue as result of the changes contained in this bill.
AGENCIES CONTACTED:
Department of Revenue Administration
| Date | Body | Type |
|---|---|---|
| Jan. 13, 2022 | House | Hearing |
| House | Floor Vote | |
| March 7, 2022 | House | Exec Session |
| March 29, 2022 | Senate | Hearing |
| April 21, 2022 | Senate | Floor Vote |
April 21, 2022: Inexpedient to Legislate, MA, VV === BILL KILLED ===; 04/21/2022; SJ 9
April 14, 2022: Committee Report: Inexpedient to Legislate; Vote 5-0; CC; 04/21/2022; SC 16
March 23, 2022: Hearing: 03/29/2022, Room 101, LOB, 09:00 am; SC 13
March 22, 2022: Introduced 03/17/2022 and Referred to Education; SJ 6
March 9, 2022: Minority Committee Report: Inexpedient to Legislate
March 9, 2022: Minority Committee Report: Inexpedient to Legislate
March 22, 2022: Introduced 03/17/2022 and Referred to Education; SJ 6
March 21, 2022: Reconsider HB1298 (Rep. Luneau): MF DV 152-162 03/15/2022 HJ 6
March 21, 2022: Ought to Pass: MA RC 159-152 03/15/2022 HJ 6
March 9, 2022: Majority Committee Report: Ought to Pass (Vote 10-9; RC)
March 9, 2022: Minority Committee Report: Inexpedient to Legislate
March 9, 2022: Majority Committee Report: Ought to Pass (Vote 10-9; RC)
March 23, 2022: Executive Session: 03/07/2022 01:30 pm LOB 205-207
Jan. 8, 2022: Public Hearing: 01/13/2022 01:00 pm LOB 205-207
Nov. 19, 2021: Introduced 01/05/2022 and referred to Education