Summary: H.R.3176 — 112th Congress (2011-2012)All Information (Except Text)

There is one summary for H.R.3176. Bill summaries are authored by CRS.

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Introduced in House (10/13/2011)

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.