Local Education Authority Returns Now Act

Summary

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.

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Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 25 July 2007

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• Introduced in House (PDF)

  Introduced in House · EN · 25 July 2007

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• Introduced in House

  summary · EN · 25 July 2007

  Open at official source

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