Friday Feature: Tax Credit Scholarships

Colleen HroncichSince April 15th is typically “tax day,” today seemed like a good time to focus ontax credit scholarships.With tax credit scholarships, taxpayers can receive full or partial tax credits when they donate to nonprofit organizations that provide private school scholarships. The first program, enacted in Arizona in 1997, allowed individuals to receive tax credits for donations to private school tuition organizations. In 2001, Pennsylvania and Florida enacted corporate tax credit scholarships, which allowed businesses to receive tax credits for scholarship donations. Other states have followed suit, and there are now 21 states with some version of tax credit scholarships.With such a long history, it ’s easy to find stories of students whose lives have been dramatically improved thanks to tax credit scholarships.Doritha Greene is a mom who used the Florida Tax Credit Program to send her children to a school that worked better for them. A former foster child, she says the scholarship gave her family the support they needed. “My kids experienced a lot of bullying growing up, for various reasons. Because of that, and also in the neighborhood we live in, I can ’t just send them to our district schools, they’re not great.” Through the scholarship, she’s been able to send her kids to a school they love. “They want to go to school, even though when they were in public school, they didn’t want to go to school. Now ...
Source: Cato-at-liberty - Category: American Health Authors: Source Type: blogs