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Local Education Authority Returns Now Act
To allow a State to opt out of K-12 education grant programs and the requirements of those programs, to amend the Internal Revenue Code of 1986 to provide a credit to taxpayers in such a State, and for other purposes.
Local Education Authority Returns Now Act - Requires the Secretary of the Treasury to make an annual determination of states that have chosen to opt-out of K-12 education grant programs. Requires the Secretary of Education to determine credits due to states as opt-out state education amounts. Amends the Internal Revenue Code to allow individual taxpayers in states that opt-out a refundable tax credit for a share of the opt-out amount creditable to such states.
- Not enactedThe President has not signed this bill
- The senate has not voted
- The house has not voted
Committee on Education and LaborEarly Childhood, Elementary, and Secondary EducationCommittee on Ways and MeansIntroducedJune 17th, 2013
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