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Bill Aims to Leverage Tax Code for College Financial Aid

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(Sacramento, CA)
Thursday, February 14, 2013

Democratic State Senator Kevin de León says his legislation would double "Cal Grant B" awards for more than 175,000 California college students.

De León: "So we can get money to these kids, low-income kids, so they can pay for all the necessities.  Taxpayers in the state of California don't pay one single penny out of their own pocket.  And we utilize the federal leveraging for the kids in California."

The measure attempts to take advantage of an obscure provision in the federal tax code that deals with charitable contributions to states.  The money raised could, in theory, be used to meet a number of state budget needs.  But De León wants to increase Cal Grants that provide aid for living expenses, transportation and textbooks to low-income college students.

The legislation would sunset after three years.

Vist the CalGrants website

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