Bills · 2013-2014 Regular Session
Relating to: creating a refundable individual income tax credit for tuition expenses paid for dependents who attend certain private elementary and secondary schools, and charter schools. (FE)
Income tax — Credit Income tax — Deduction Parochial and private educational institutions Paternity School School — Attendance
- Introduced, stopped here
- Passes Assembly, not reached
- Passes Senate, not reached
- Governor signs, not reached
- Law, not reached
Unfamiliar terms? Glossary
What this bill does
Plain-language analysis by the nonpartisan Legislative Reference Bureau
This bill creates a refundable individual income tax credit for amounts spent
by a claimant on tuition for educational expenses, in the year to which the claim
relates, for the claimant's dependent children to attend an eligible institution, which
is defined as any private elementary or secondary school in this state, including a
charter school. Under the bill, the credit may not be claimed with regard to a pupil
who participates in the school choice program. Because the credit is refundable, if
the amount of the credit for which the claimant is eligible exceeds his or her tax
liability, the difference will be refunded to the claimant by check.
The maximum credit that may be claimed under the bill per year, per child, if
the claimant files as a single individual or head of household, or if the claimant is a
married person filing a joint return, is $250 for an elementary pupil (a pupil in
kindergarten or grades one to eight) and $500 for a secondary pupil (a pupil in grades
nine to twelve). The maximum credit that may be claimed by a married person filing
a separate return per year, per child, is 50 percent of the amount that may be claimed
by a married joint filer. The credit may not be claimed by a nonresident or part-year
resident of this state. The bill also requires an eligible institution to provide the
parent or guardian of a pupil a statement specifying the amount of tuition that the
parent or guardian paid in that year for his or her pupil.
Under current law, as enacted in
2013 Wisconsin Act 20
, the state budget bill,
there is a subtract modification, or deduction, for tuition for educational expenses
paid by a claimant in the year to which the claim relates, for the claimant's dependent
children to attend an eligible institution, which is defined as any private elementary
or secondary school, but not including a charter school. The maximum deduction for
each elementary pupil is $4,000 each year, and the maximum deduction for each
secondary pupil is $10,000 each year. The bill repeals this deduction that was
created in the budget bill.
What it would cost
Fiscal estimates filed by state agencies, as official PDFs