H.R.3177 - Local Education Authority Returns Now Act110th Congress (2007-2008)
|Sponsor:||Rep. Garrett, Scott [R-NJ-5] (Introduced 07/25/2007)|
|Committees:||House - Ways and Means; Education and Labor|
|Latest Action:||10/04/2007 Sponsor introductory remarks on measure. (CR H11302-11303) (All Actions)|
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Summary: H.R.3177 — 110th Congress (2007-2008)All Bill Information (Except Text)
Introduced in House (07/25/2007)
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.