Congressman Bob Turner will appear on the steps of a Queens Catholic school today to announce his sponsorship of a new bill providing tax relief to families with children in private schools.
The congressman introduced the Tax and Education Assistance for Children (TEACH) Act of 2012 on February 17. If passed, the bill will provide an annual $5,000 tax credit to parents with children in private or religious schools. Congressmen Michael Grimm (R-Staten Island) and Peter King (R-Long Island) are among the co-sponsors of the bill, formally known as H.R. 4075.
If approved, any taxpayer with one or more dependents in a non-public school will get the credit beginning in 2014 (for tuition paid in 2013). The credit amount does not increase with the number of dependents in private school.
You can read the full text of the bill here.
What do you think of diverting taxpayer money to private and religious schools?