Local Education Authority Returns Now Act

HB 5340 Local Education Authority Returns Now Act

US Congress 111th Congress

Local Education Authority Returns Now Act
HB-5340


About HB-5340

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.

  

Bill Texts

Introduced 11/26/2010

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