How do scholarship tax credits work?
ALL CHILDREN DESERVE ACCESS TO A QUALITY EDUCATION
Scholarship Tax Credits give low-income parents the choice of being able to help their own children rise above the throes of poverty, giving them a brighter future by enrolling them in a more suitable school with the help of a scholarship.
PARENTS DETERMINE THE BEST PUBLIC, PRIVATE OR PAROCHIAL SCHOOL FOR THEIR
CHILD QUALIFIED FAMILIES APPLY TO A SCHOLARSHIP GRANTING ORGANIZATION (SGO)
INDIVIDUAL, BUSINESS, OR SGO APPLIES TO THE STATE FOR A TAX CREDIT ON BEHALF OF THE DONOR
DONORS ARE NOTIFIED OF TAX CREDIT APPROVAL WITHIN 30 DAYS AND CAN DONATE
SGOs GRANT SCHOLARSHIPS TO QUALIFIED APPLICANTS
RECIPIENT FAMILIES ENROLL CHILDREN IN THE SCHOOL OF THEIR CHOICE
APPROVED DONORS RECEIVE A 95% CREDIT ON STATE TAXES
HOW CAN YOU HELP?
Call, email, or visit your legislators and ask them to support a scholarship tax credit policy!
Related Links:
Scholarship tax credits: Fact vs. fiction
Tax deduction vs. tax credit: Which is better for a scholarship program?