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Senate committee approves statewide $3M tax-credit scholarship after partisan questions and public testimony
Summary
Senate Bill 5-39, introduced by Senator Johnson, creates a $3 million annual cap on a tax-credit scholarship for eligible K–12 students; the Revenue & Tax Committee advanced the bill after DFA shifted to support and a mix of public testimony for and against.
Senate Bill 5-39, presented by Senator Johnson, would create a statewide tax-credit scholarship program with an annual cap of $3 million. The credit would be available to taxpayers who owe Arkansas income tax and are willing to direct that tax liability to student-support organizations; eligible students were described as those from households at 1.5 times the free-or-reduced-lunch…
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