Indiana Gov. Mitch Daniels has signed legislation that (1) establishes a personal income tax deduction for a parent who sends a child to a private school or home-schools the child, and (2) expands the school scholarship credit against personal and corporate income taxes.  The new deduction is equal to $1,000 per dependent child for whom “unreimbursed education expenditures” are made. 

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The Senate, on February 2, approved by an 81-to-17 margin, an amendment to the FAA reauthorization bill (Sen 223) currently under debate in the Senate that would repeal new IRS Form 1099 reporting requirements for business.

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