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AJR-32 Federal income taxes: private scholarship tax credits.(2001-2002)

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AJR32:v98#DOCUMENT

Amended  IN  Assembly  May 02, 2002

CALIFORNIA LEGISLATURE— 2001–2002 REGULAR SESSION

Assembly Joint Resolution
No. 32


Introduced  by  Assembly Member Strickland

January 24, 2002


Relative to private scholarship tax credits.


LEGISLATIVE COUNSEL'S DIGEST


AJR 32, as amended, Strickland. Federal income taxes: private scholarship tax credits.
This measure would resolve that the Legislature supports the creation of a federal income tax credit for donations to nonprofit organizations that make more privately funded scholarships and educational assistance available to children.
Fiscal Committee: NO  

WHEREAS, The individual development of young people is critical to their future success and that of this country, and encouraging parental involvement is an important component of a child’s success; and
WHEREAS, Each child is unique and learns differently, and many children are likely to benefit from expanded educational opportunities, including tutorial assistance, transportation to another public school, afterschool programs, or attendance at a nonprofit school; and or afterschool programs; and
WHEREAS, Organizations such as the Boys and Girls Clubs of America, Police Activities League, and the Girl Scouts of America, and other community based organizations help disadvantaged youth on the right path to college and a brighter future; and
WHEREAS, Privately funded scholarships are an excellent and popular means by which parents and guardians can exercise expanded educational opportunities for their children, especially children from low-income families and the minority community; and
WHEREAS, Organizations such as the United Negro College Fund and the National 4-H Foundation help underprivileged high school seniors achieve their dream of a higher education; and
WHEREAS, A credit against taxes for contributions to nonprofit scholarship or educational assistance organizations will make more privately funded scholarships available, and thereby expand the educational opportunities available to children of families that have limited financial resources and increase the academic achievements of children and California and the entire United States; and
WHEREAS, Congress has a strong history of enacting federal legislation to expand the educational opportunities of young people, including the landmark GI Bill of 1944, which allowed more than 2.2 million veterans of World War II to receive a college education, and has opened the door to a brighter future for hundreds of thousands of additional veterans since; and
WHEREAS, Congress enacted the Taxpayer Relief Act of 1997, which provided for the HOPE Scholarship and Lifetime Learning Credits, opening the doors of college to a new generation and providing the largest investment in higher education since the GI Bill; now, therefore, be it
Resolved by the Assembly and Senate of the State of California, jointly, That the Legislature supports the creation of a federal income tax credit for donations to nonprofit organizations that make more privately funded scholarships and educational assistance available to children; and be it further
Resolved, That the Chief Clerk of the Assembly transmit copies of this resolution to the Speaker of the House of Representatives, the Chairperson of the Joint Committee on Taxation, and to each Senator and Representative from California in the Congress of the United States.