provide a property tax credit for the payment of nonpublic school tuition.
What changed between versions
Creates eligibility for property owners to receive tax credits for nonpublic school tuition expenses for children aged 5-18 who are K-12 students enrolled in nonpublic schools in the state.
Establishes a property tax credit capped at 80% of school district taxes owed or $1,000, whichever is less, per child per year.
Requires property owners to submit applications to county directors of equalization by June 1st with school enrollment information and tuition verification from nonpublic schools.
Mandates that property tax bills reflect any credits received and requires the Department of Revenue to establish rules for forms, procedures, and documentation verification.
Clarifies that the child for whom expenses are incurred does not need to be the property owner's child, and defines eligible expenses as only nonpublic school tuition.
Requires property tax credits to be deducted from local effort calculations for state funding purposes under chapters 13-13 and 13-37.
