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NH House, Senate pass school tax credit bills

The New Hampshire’s House and Senate passed similar plans Wednesday to give businesses a tax credit for donating to scholarship organizations to send students to private or public schools, the Associated Press reports. The House voted 236-97 to funnel the donations through organizations that provide scholarships of up to $2,500 to start. The scholarships would be adjusted annually. Home-schooled children could receive one-fourth of that limit for educational expenses. The amount of tax credits could not exceed $3.4 million the first year. The Senate voted 17-7 Wednesday to pass a similar bill. The bills attempt to target low- and middle-income students for the scholarships and regulates 70 percent of the scholarships for the first year to students warranting adequate education grants, but would decrease each year thereafter…

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