Sentences with phrase «receiving tax credits»

«At least until states that wish to can set up Exchanges, our ruling will likely have significant consequences both for the millions of individuals receiving tax credits through federal Exchanges and for health insurance markets more broadly.»
Here again, Welner's argument is an implicit refutation of one of Strauss» central assertions, namely that donors benefit simply by receiving tax credits.
The cumulative saving between now and 2015/16 from the richest is # 1.1 bn - compared to # 5.6 bn for those on benefit and / or receiving tax credits.
In fact, the state could choose to expand what's covered under any plan receiving the tax credits.
The proposal to ban EU migrants who are in work from receiving tax credits is the latest in a long series of changes which cut entitlement to social security.
The Hollis motion said the upper house would decline to approve the tax credit cuts until the government delivered a «scheme for full transitional protection for a minimum of three years for all low - income families and individuals currently receiving tax credits before April 6 2016».
Employers can receive a tax credit that offsets 50 percent of the costs to establish a 401 (k), up to $ 500 annually for each of the plan's first three years.
However, homeowners who do not receive any tax credits may pay even higher rates than that.
Many parents and people caring for dependent family members can receive a tax credit for expenses paid to care for these individuals.
Eligible taxpayers will be able to receive a tax credit of up to 50 % of their retirement contributions.
Families and individuals that don't have access to affordable coverage can receive tax credits to help them purchase coverage in the private health insurance market.
Of the remaining 56 % of people who receive some tax credit that results in a net zero federal tax liability a full 30 % receive credits for children and the working poor.
Two - thirds of those who receive tax credits will be left worse off by the Government's planned cuts to the benefit, a new report claims.
They would be eligible to receive tax credits under the ACA, but Hammond said it would still cost substantially more than they now pay.
Individuals and businesses can receive a tax credit for up to 75 percent of their donations made to not - for - profit organizations that award scholarships to students in grades P - 12.
By 31 July most people who receive tax credits must complete and return their renewal forms, either by post, telephone or, for the first time this year, on - line.
It comes as by welfare - to - work consultancy Policy in Practice has found that two thirds of those who receive tax credits will be left worse off by the Government's planned cuts to the benefit.
Taxpayers would receive a tax credit to lower their state income tax liability and also would be able to deduct the amount from their federal taxes.
Several Republicans broke with their party to vote against and the proposal, which also contains language allowing bullied students to transfer to other public or private schools and receive a tax credit scholarship to pay for it.
Healthcare, manufacturing and technology are some of the areas that could receive the tax credit for creating apprenticeships.
Small business owners will now be able to receive tax credits for hiring unemployed young people and additional funding will be made available for summer youth employment, job training and workforce educational programs.
When a donor receives a tax credit, that reduces the amount of revenue the state collects.
Under such policies, taxpayers can receive tax credits worth between 50 percent to 100 percent of their donations to nonprofit scholarship organizations that help low - and middle - income students attend private schools.
Where possible, both individual and corporate taxpayers should be eligible to receive tax credits for their contributions to the ESA - granting organizations.
It is odd to claim that «wealthy businesses» are financially benefiting by receiving a tax credit for their donations.
By contrast, STC laws are privately administered programs that rely on the voluntary contributions of corporate taxpayers who receive tax credits in return.
Under a scholarship tax credit, taxpayers would receive a tax credit for contributing to a K — 12 scholarship organization.
All contributions must be at least $ 500 to be eligible for the tax credit and individuals can not receive a tax credit for more than $ 50,000 in a given year.
Individuals or corporations that donate will receive a tax credit value of 100 percent of donations.
Donors receive a tax credit value of 100 percent of the donation.
Corporate donors receive a tax credit value of 85 percent of the donation.
Tax credits are given to individual and corporate donors who receive a tax credit value of 65 percent of donations.
Corporations that donate to School Tuition Organizations receive a tax credit value of 100 percent of donations.
Louisiana — Louisiana allows any taxpayer who files a state income tax return to receive a tax credit for donations to «school tuition organizations».
No business can receive a tax credit for more than 10 % of the aggregate amount of tax credits allowed in a given year.
This tax - credit scholarship program allows taxpayers to receive tax credits for their donations to nonprofit organizations that provide school scholarships to K — 12 students.
Each would have allowed businesses to receive tax credits when donating to scholarship - giving nonprofits.
Enrollment is broken down as follows: More than 77,000 low - income students receive tax credit scholarships, more than.
Under the OSA, businesses receive tax credits worth 85 percent of their contributions to nonprofit scholarship organizations, which provide scholarships for low - and middle - income children to pay tuition at private schools or out - of - district public schools or to cover eligible homeschooling expenses.
If the department of revenue preapproves the request, the school tuition organization shall immediately notify the taxpayer, and the department of insurance in the case of a credit under section 20 - 224.06, that the requested amount was preapproved by the department of revenue. In order to receive a tax credit under this subsection, the taxpayer shall make the contribution to the school tuition organization within twenty days after receiving notice from the school tuition organization that the requested amount was preapproved.
Previous ESA laws have been funded through state treasuries, but policymakers could increase freedom for taxpayers by funding ESAs through voluntary donations to nonprofit scholarship organizations for which donors would receive tax credits.
Similar to tax - credit scholarship laws, individual and corporate donors would receive tax credits when they contribute to qualified nonprofit scholarship organizations.
This program allows private companies to receive tax credits from the State of Nevada for making donations to «scholarship organizations.»
Atkinson would like to see a requirement that private schools and home schools receiving a tax credit administer EOGs and EOCs in the third grade and the eighth grade, so that students» academic performance would be comparable against students who are in public schools.
Enrollment is broken down as follows: More than 77,000 low - income students receive tax credit scholarships, more than 28,000 students with special needs receive a scholarship to attend private school, and around 3,900 students utilize the Personal Learning Scholarship Accounts (PLSA).
Under a tax - credit scholarship law, individual and / or corporate donors receive tax credits in return for contributions to nonprofit scholarship - granting organizations (SGOs) that help families afford private school tuition.
Parents receive a tax credit worth 25 percent of their expenditures up to a maximum credit of $ 250 per dependent in school.
Under the legislation, companies subject to Nevada's modified business tax can receive a tax credit for donating to private school scholarship organizations.
EdChoice Kentucky is a coalition focused on educating Kentucky on scholarship tax credit programs, which allow individuals or businesses to receive a tax credit from state taxes when they contribute to qualified non-profit organizations providing tuition assistance for low - and middle - income families and families with developmentally disabled children.
In 2016 - 17, 40 counties did not have a single OSTC «scholarship organization» (non-profit intermediary that receives and disburses for vouchers contributions from businesses who receive tax credits).
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