Referred to the House Committee on Ways and Means.
Taxation
Why This Matters
This bill helps community learning centers by allowing them to deduct the value of property they use for educational purposes from their taxes. This could encourage more support for afterschool programs and activities for children.
If you support a community learning center, they could save money on taxes, which might help improve their programs.
Who this affects
Community learning centers · Families relying on services
What changes is this bill making?
1This bill allows community learning centers to receive tax deductions for using certain properties.
2It includes real estate and vehicles used for transporting children to these centers.
3The value of the property use is based on its fair market rental value.
4The changes apply to tax years starting after the bill becomes law.
5Community learning centers are defined by federal education law.
