Sec. 1. 36 MRSA §5219-Q is enacted to read:

§5219-Q.__Credit for private school tuition

A taxpayer is allowed a credit against the tax imposed by this Part for tuition paid to a private elementary or secondary school in this State for 50% of the cost of providing education for a dependent of the taxpayer.__The credit may not exceed 50% of the statewide average tuition allowable under Title 20-A, chapter 219 for tuition at a public school at the dependent's grade level.__ The credit may not reduce the tax to less than zero.

SUMMARY

This bill provides an income tax credit equal to 50% of the cost of private elementary and secondary tuition. The credit may not exceed 50% of the statewide allowable tuition for a public school.