To establish special funds for the development of private education, some members of the Standing Committee and the Education, Science, Culture and Health Committee of the Provincial People’s Congress considered that people’s governments at or above the county level should establish special funds for the development of private education and stipulate their uses and management methods. . In this regard, the first-instance revised draft stipulates that people's governments at or above the county level should incorporate private education into the overall education arrangements, establish special funds for the development of private education, and use it to fund the development of private schools, and commend and reward groups and individuals who have made outstanding contributions.
As for the land use rights for private schools to build schools, the first-instance revised draft stipulates that if a private school is willing to obtain land use rights by transfer in accordance with the law, the people's government at or above the county level may give priority to transfer the land use rights to Private schools. If a private school obtains land use rights through allocation or transfer, and the investor does not require a reasonable return, it will enjoy the same tax treatment as a public school.
Enjoy five preferential policies
The first revised draft stipulates that private schools enjoy the tax preferential policies stipulated by the state and the preferential policies for infrastructure construction of public schools at the same level and the same level, and enjoy the following five preferential policies in accordance with the law. A preferential policy stipulated by the state: income from providing educational services to schools engaged in academic education is exempt from business tax; income from schools engaged in technology development, technology transfer and related technical consulting and technical services is exempt from business tax ; Corporate income tax is not levied on the financial appropriations obtained by schools and special subsidies for career development obtained from competent departments and superior units; income derived from providing nurturing services to nurseries and kindergartens is exempt from business tax; other tax preferential policies.
Encourage enterprises to provide loan guarantees for private schools. The revised draft of the first review stipulates that private schools can use properties other than educational facilities as collateral to apply for loans from financial institutions; however, they cannot use land use rights obtained through allocation as collateral for loans. Financial institutions are encouraged to provide credit loans to private schools, and state-owned asset management companies, state-owned investment companies, and other enterprises and social consortiums are encouraged to provide loan guarantees for private schools. The first-instance revised draft also stipulates that private school organizers should sign employment contracts or labor contracts with faculty and staff, and pay social insurance premiums for school faculty and staff in accordance with the standards for faculty and staff in public schools at the same level.