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JBC agrees to introduce technical fixes to higher-education tax credit law amid cost questions
Summary
The Joint Budget Committee voted to introduce a bill that makes technical changes to the recently enacted higher-education refundable tax credit and that preserves the credit for now while staff and lawmakers continue work to refine administration and cost estimates.
The Joint Budget Committee on April 28 voted to introduce a bill containing technical fixes to the higher-education expenses refundable income tax credit and to hold further deliberation on longer-term changes after additional cost analysis.
Amanda Bickle of the Joint Budget Committee staff briefed members on the draft. The proposed changes would clarify timing and reporting requirements, change some date references from academic-year to calendar-year conventions, move institutional reporting deadlines (from Jan. 15 to Jan.…
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