Education savings account bill fails in Arkansas House

Education savings account bill fails in Arkansas House

Associated Press

LITTLE ROCK, Ark. (AP) - A proposed pilot program to establish savings accounts for parents to fund their children's education has failed to advance out of the Arkansas House.

The House voted 47-37 Thursday against the bill by Republican Rep. Jim Dotson.

The measure called for savings accounts worth about $6,700 per year to be managed by nonprofit organizations with taxpayers able to give money to eligible nonprofits, and then receive a state tax credit for the donation. Dotson says the tax credits wouldn't exceed more than $3 million after the first year.

Eligible students' parents could use the money for several expenses, including private school tuition and textbooks, but not for students enrolled in public schools.

Republican Rep. Les Warren said he believes the bill would promote a breakdown of the state's public schools.

Copyright 2017 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.