NH House holding hearing on school tax credit bill
CONCORD, N.H.—A New Hampshire House committee is weighing the Senate's version of a plan to give businesses a tax credit for donating to scholarship organizations to send students to private or public schools.
The Ways and Means Committee is holding a public hearing on the bill Tuesday afternoon. Both chambers passed similar plans last month.
Under both bills, the donations would be funneled through organizations that provide scholarships of up to $2,500 to start and then would be adjusted annually. Home-schooled children could receive one-fourth of that limit for educational expenses.
Supporters say the scholarships would give parents a choice for their children.
Opponents argue property taxpayers would wind up paying more because schools would lose state aid for children accepting scholarships to go to private schools.