HB 2699 Summary

• Expands the existing public school tax credit under section 43-1089.01 to include school lunch programs and school healthcare programs in addition to extracurricular activities and character education programs.

• Increases the tax credit limit from $200 to $300 for single individuals and heads of household, and from $400 to $600 for married couples filing jointly.

• Creates a new tax credit under section 43-1171 allowing all taxpayers a $300 credit for contributions to public schools for extracurricular activities, character education programs, school lunch programs, and school healthcare programs.

• Requires public schools receiving such fees or contributions to report to the department by February 28 of each year the total number of payments, total dollar amounts received, and total amounts spent.

• Adds section 43-1171 to the joint legislative income tax credit review schedule for years ending in 2 and 7.