Felder blasts Assembly over educational tax credit failure
The Educational Investment Tax Credit, a bill designed to help public and private school parents defray the cost of educating their children by allowing people to earn tax credits for contributions to scholarship funds, is not likely to happen this year after the New York State Assembly did not include the legislation in its one-house budget released on March 10.
The State Senate had approved a bill to create the Education Investment Tax Credit (EITC) back in January at the urging of senators Simcha Felder (D-Borough Park-Midwood) and Marty Golden (R-C-Bay Ridge-southwest Brooklyn).
Felder charged that Assembly leaders had expressed support for the bill earlier this year and then turned their backs on the proposed legislation when it came time to issue their budget.