by David Safier
First the part of HB 2581 I understand. If passed, this bill would allow individuals to raise their yearly private school tuition tax credit contributions from $500 to $750 — a 50% hike. That means a couple's contribution would go from $1,000 to $1,500. Since every dollar of tax credit is a dollar that doesn't go into the state budget, consider this another budget cut. Wanna bet it comes out of public schools' hides?
The part I don't understand — I studied English in college, not legislation-ese — says, I think, that makers and distributers of alcoholic beverages can contribute to the corporate private school tuition tax credit, which is separate from the personal tax credit. Maybe they were restricted under previous legislation? I'm thinking Cindy McCain and her beer fortune here, not to mention others who make their money selling liquor.
A special BfA shoutout to anyone who can translate that part of the bill for me and our readers.