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JBC staff proposes two-year extension and phaseout for higher-ed income tax credit
Summary
JBC staff presented a modified higher-education income tax credit that would keep the credit active for calendar years 2025 and 2026 with a built-in phaseout and notification requirements so students and institutions know the credit will end.
Amanda Bickel, JBC staff, presented a revised version of the higher-education income tax incentive that would continue the credit through calendar years 2025 and 2026 and then phase it out. The staff proposal includes technical fixes from prior drafts and an added requirement that institutions notify students that the credit will end.
Bicke…
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