Revision: May 3, 2022, 1:13 p.m.
Rep. Turcotte, Straf. 4
Rep. Osborne, Rock. 4
May 3, 2022
2022-1925h
10/04
Floor Amendment to SB 420-FN-A-LOCAL
Amend the title of the bill by replacing it with the following:
AN ACT establishing an extraordinary need grant for schools and relative to eligibility for the education tax credit.
Amend the bill by replacing all after section 3 with the following:
4 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.
I. Sections 1-3 of this act shall take effect July 1, 2022.
II. The remainder of this act shall take effect upon its passage.
2022-1925h
AMENDED ANALYSIS
This bill establishes an extraordinary need grant for schools in addition to regular adequate education grants and relief grants. This bill increases the household income level to qualify as an eligible student under the education tax credit program.