Reference is to Printer's Date 6/2/15-H.
Amend the bill, as and if amended, SECTION 1, Proviso 1.68, by striking 1.68(B)(2) and inserting:
/ (2) An individual is entitled to a refundable tax credit against income taxes imposed pursuant to Chapter 6, Title 12, or bank taxes imposed pursuant to Chapter 11, Title 12 for the amount of cash and the monetary value of any publicly traded securities, not exceeding ten thousand dollars per child, the individual contributes as tuition for exceptional needs children or foster children within their custody or care and enrolled in eligible schools who qualify for these grants under the provisions of this paragraph. The cumulative maximum total for credits authorized by this subitem may not exceed four million dollars. However, if a child within the care and custody of an individual receives a tuition scholarship from a nonprofit scholarship funding organization, then the individual may only claim a credit equal to the difference of ten thousand dollars and the amount of the scholarship. /
Amend the bill further, SECTION 4, Proviso 1.68, by striking 1.68(D)(1)(a) and inserting:
/ (D)(1)(a) The tax credits authorized by subsection (B) may not exceed cumulatively a total of twelve million dollars. The department shall allow the credit only on a first come, first serve basis. /
Renumber sections to conform
Amend title to conform