HR 3176 · 112th Congress · Taxation

Local Education Authority Returns Now Act

Introduced 2011-10-13· Sponsored by Rep. Garrett, Scott [R-NJ-5]· House

Bill Progress

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Introduced

Committee

House Vote

Senate

Enacted

Latest: Referred to the Committee on Ways and Means, and in addition to the Committee on Education and the Workforce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.(2011-10-13)

Plain Language Summary

[AI summary unavailable — showing source text] 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.…

Summarized by Claude AI · Non-partisan · For informational purposes only