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HB 950 would provide a state tax credit for the first two years of a homeschool program. After the first two years, the credit stops. But many families who are encouraged to try homeschooling because of the credit will continue to homeschool, thus saving the state the large cost of providing a public school education to those students. The cost to the state of providing the credit will be small, but the long-term savings for taxpayers will be large.
Costs of books, programs and courses would be eligible for the credit. This bill will save the state money in the long run, since many of the families who try homeschooling decide to continue. The tax credit also applies with respect to students attending private school.
01/08/14 Prefiled in the House
01/08/14 Sent to the House Finance Committee
01/28/14 Assigned to finance Subcommittee No. 3
01/31/14 Finance Subcommittee No. 3 recommended tabling by voice vote. Bill is effectively dead.
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