Rep. ERICKSON proposes the following Amendment No. to H.5126 as Passed By The House
(Doc Name h:\legwork\house\amend\h-wm\012\h2-tax credit study committee.docx):
| EXPLANATION: Create a tax credit study committee within the Department of Education. |
Amend the bill, as and if amended, Part IB, Section 1, DEPARTMENT OF EDUCATION, page 313, after line 3, by adding an appropriately numbered proviso to read:
/(SDE: Tax Credit Study Committee) (A) The Department of Education shall convene and staff a study committee to examine and propose recommendations for alignment of the Educational Credit for Exceptional Needs Children, The Education Scholarship Trust Fund, and the Federal Education Freedom Tax Credit Scholarship Program.
(B) The study committee shall be comprised of the following individuals:
(1) one member appointed by the Governor, who shall serve as Chair of the study committee;
(2) one member appointed by the Superintendent of Education;
(3) one member appointed by the Chairman of the Senate Finance Committee;
(4) one member appointed by the Chairman of the House Ways and Means Committee;
(5) one member appointed by the Chairman of the Senate Education Committee;
(6) one member appointed by the Chairman of the House Education and Public Works Committee; and
(7) one member appointed by the Director of the South Carolina Department of Revenue.
(C) Members of the study committee shall receive no compensation but may receive per diem and mileage from the South Carolina Department of Education as provided for boards and commissions.
(D) Pending the release of federal guidance on the Federal Education Freedom Tax Credit Scholarship Program, the study committee must submit recommendations on implementation of the scholarship program to the Governor, the Speaker of the House of Representatives, and the President of the Senate no later than December 1, 2026, or 60 days after publication of the federal guidance, whichever comes later./
Renumber sections to conform.
Amend totals and titles to conform.