By ANDREW DeMILLO
Associated Press
LITTLE ROCK (AP) - A proposal to offer a 100%
state tax credit for donations to a scholarship fund for private
schools has failed to clear an Arkansas Senate committee.
The Senate Revenue and Taxation Committee on
Wednesday rejected the tax credit proposal on a voice vote, with the
measure appearing to receive only three "yes" votes and two "no's" from
the eight-member panel.
The proposal by Republican Sen. Jane English of
North Little Rock would grant taxpayers a credit for contributions to a
nonprofit that would award private school scholarships to families
making 250% or less of the federal poverty level.
The credit would be capped at a total of $10
million a year, a revenue loss that state finance officials said the
state couldn't afford.
Copyright 2013 The
Associated Press. All rights reserved. This material may not be
published, broadcast, rewritten or redistributed.
