By Ben Giles | Arizona Capitol Times
Senate President Steve Yarbrough threatened to strip a key provision out of a bill that would severely reduce the annual growth of a tax credit for private school scholarships.
Democrats have balked at what Yarbrough, R-Chandler, has called a “grand bargain,” his offer to phase down a 20 percent annual increase of a cap on corporate tax credits for School Tuition Organizations, or STOs – organizations that provide scholarships for students to attend private schools.
That’s something Democrats have sought to accomplish for years, but they’ve been stymied by Republican leaders like Yarbrough.
Now the Senate president says he’ll strip out language amending the cap from SB1467 to preserve other measures in the bill that expand access to private school scholarships, and increase a separate tax credit that funds those scholarships, measures that Democrats cite as reason to oppose the bill in the first place.
