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Finance committee tables bill to transfer funds to coal-trust endowment for school tax-credit growth after split vote
Summary
Senate Bill 159 would move a large general-fund transfer into a coal-trust subaccount to grow an educational scholarship tax-credit program. The bill drew opposing testimony about fiscal timing; after a proposed numeric amendment the committee voted 12-10 to table the bill.
Senator Daniel Emmerich introduced Senate Bill 159 as a mechanism to create a lasting revenue stream for an education-related tax-credit scholarship program by placing a one-time general-fund transfer into a coal-trust subaccount and using a portion of earnings to increase the tax-credit cap.
Proponents framed the measure as a long-term investment in public-school students who qualify for the scholarship program. "The dollar amount isn't as important as the structure…
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