New York S07090 establishes the "education affordability act" and tax credit for qualified education investments.
New York S07090, the "education affordability act," introduces a tax credit for qualified education investments. It provides credits against income and corporate franchise tax for contributions to scholarships, education funds, and home-based instructional materials. The act defines eligible pupils, qualified educators, and qualified schools. It outlines the process for issuing certificates of receipt, recordkeeping, and the application of credits.
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