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JBC approves "Free College" proposal for follow-up bill and directs drafting on postsecondary tax-credit fixes
Summary
The Joint Budget Committee voted to approve staff's "free college" initiative framework and gave staff authority to draft implementing legislation after the long bill; staff also received authority to draft technical and substantive fixes for the incentives-for-postsecondary-education tax credit (HB24-1340) with caution about fiscal uncertainty.
The committee approved a staff-led "free college" framework that aims to coordinate existing institutional promise programs into a clearer statewide promise for low- and moderate-income students. The staff proposal would baseline a last-dollar tuition and fee promise for in-state students with household AGI at or below $60,000 and include a contingency provision allowing the Joint Budget Committee to suspend the program if fiscal conditions materially change.
Representative Rose Serota moved adoption of the staff…
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