Testimony in Support of Corporate Tax Credit for Education, SB 1847
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Uploaded by txcatholicconference on May 23, 2011
SB 1847 clearly aims at saving the state money, by an estimated $56 million annually.This estimate is calculated by applying the actual experience factors in other scholarship tax credit programs around the nation which reveals that, across the board, the average actual scholarship amount is typically 51% of the statutory maximum. Dr. Ladner concludes that national average scenario is the one most likely to be realized in Texas, resulting in a $56 million annual savings to the state by enabling corporations to financially support education scholarships for disadvantaged students.
Read full testimony here: http://www.txcatholic.org/index.php/public-policy/testimony-and-letters/1177-...
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