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Solicitor outlines federal scholarship tax‑credit provision and possible local impact
Summary
The board’s solicitor summarized a federal provision allowing a $1,700 donation for a dollar‑for‑dollar federal tax credit toward scholarships for eligible private‑school students and said implementation regulations and start timing remain under federal rulemaking.
The board’s solicitor briefed members on a provision in recently enacted federal legislation establishing a Qualified Elementary and Secondary Education Scholarship Program, which would allow individuals to donate up to $1,700 to a qualified scholarship organization and receive a dollar‑for‑dollar federal tax credit.
The solicito…
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