Scholarship Tax Credit

scholarship tax credit
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Scholarship tax credit programs are a growing school choice option some states are exploring. As of January  2016, 16 states have scholarship tax credit programs. These programs allow individuals and corporations to allocate a portion of their owed state taxes to private nonprofit scholarship-granting organizations that issue scholarships to K-12 students. The scholarship allows a student to choose among a list of private schools, and sometimes public schools outside of the district, approved by the scholarship organization. The scholarship is used to pay tuition, fees, and other related expenses. As a result, the state does not have to appropriate per-pupil education funding for those students that receive scholarships.
NCSL – Scholarship Tax Credits

 

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TFN – Tax Credit Vouchers are a Racket That Benefits Corporations but not Kids

New York Times – Public Money Finds Back Door to Private Schools

ALEC – he Great Schools Tax Credit Program Act (Scholarship Tax Credits)

Dallas Observer – McKinney Sen. Ken Paxton’s Tax-Credit Voucher Bill a Sneaky Way to Route Public Money to Private Religious Schools

ALEC – Public Education in the Cross hairs: ALEC’s Private Scholarship Tax Credits

Washington Post – Expanding tax credits has done little to help college students

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