School Scholarship Tax Credit Clears First Hurdle
Estate Tax Repeal Also Moves Forward
April 14, 2011
 
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Columbus - 
Today, the Senate Ways and Means and Economic Development Committee voted to favorably report the School Scholarship Tax Credit, authored by State Senator Kris Jordan (R - Powell), by a bipartisan vote of 6-2. "After two years of hard work, I'm pleased to see that the School Scholarship Tax Credit is one step closer to becoming law," Jordan said. "I'm honored that this legislation has received support from both parties, which goes to show that school choice is not a partisan issue in Ohio. I'd like to thank Chairman Schaffer for his leadership on moving this legislation forward, and the members of the committee for their diligent work during the hearings and for standing up for Ohio's families and children, not special interests." Senate Bill 88 creates a tax credit of up to $1,000 for individuals ($2,500 for couples filing jointly) or up to $300,000 for qualified businesses for donations to qualified scholarship organizations. Scholarships can be worth up to $7,000 for high school students or $4,250 for K-8 students. The legislation specifies that no less than 90 percent of the total donations to each organization would go towards scholarships. Jordan began work on the School Scholarship Tax Credit in 2009 while serving in the House. When introduced in 2010 as House Bill 610, the legislation drew co-sponsors from both parties. Senate Bill 90, Jordan's legislation to repeal Ohio's estate tax, was also favorably reported by the committee. An amendment to move the effective date of the repeal back two years to January 1, 2013 was accepted without objection, mirroring a change in the House version of the bill. "Repealing Ohio's death tax will help keep more of our family farms in business, and it will also help keep more of our small business owners and the jobs they create here in Ohio," Jordan said. "This is one more crucial step toward creating an environment for job growth in Ohio." Both bills will now proceed to the full chamber for possible third consideration.
Jordan represents Ohio's 19th Senate District, which includes Delaware, Knox, Morrow, Richland, and part of Ashland counties. Prior to serving in the Senate, he served as a State Representative and as a Delaware County Commissioner. He is a proven advocate for spending restraint, lower taxes, and family values. He lives in Powell with his wife, Melissa.
 
 
 
  
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