HB576 Alabama 2015 Session

Summary

Primary Sponsor

Phil Williams

Republican

Session

Regular Session 2015

Title

Tax credits, for businesses and individuals who donate to schools for certain equipment

Description

This bill would provide an annual tax credit of up to 50 percent of the tax liability of an individual or business who donates to a nonprofit organization that provides grants to a school to support digital learning through the use of technology to increase student academic performance, subject to certain annual maximum amounts.

This bill would require the Department of Revenue to establish a procedure to approve the formation of a nonprofit organization that provides digital learning grants for a school to improve learning with technology.

This bill would provide that the grants may be used to purchase technology devices, improve infrastructure, strengthen wireless connectivity, or improve instructional practices with technology.

This bill would provide that a grant funding request shall require a 50 percent match by the requesting organization in cash or other form of negotiable instrument.

This bill would provide that a nonprofit organization, to remain eligible, shall expend 98 percent of its funds on sub-grants, and have an established record of administering funds throughout the state.

This bill would provide that the Department of Revenue may adopt rules regarding the implementation and administration of this act.

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Subjects

Tax Credits