There is one summary for this bill. Bill summaries are authored by CRS.

Shown Here:
Introduced in House (03/01/2006)

Businesses Supporting Education Act of 2006 - Amends the Internal Revenue Code to allow business entities a tax credit for contributions to a tax-exempt education scholarship organization which provides scholarships to elementary or secondary school students from low or moderate income families. Limits the annual amount of such credit to $100,000.

Imposes a penalty tax on education scholarship organizations that fail to make required distributions of scholarship funds.