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New federal tax‑credit scholarship program raises questions for Connecticut advocates and lawmakers
Summary
Panelists and legislative members discussed HR1/OBBBA’s new federal tax‑credit scholarship program, which permits donors to receive a federal tax credit for contributions to scholarship organizations; education advocates warned it could funnel resources away from public schools and said significant regulatory details remain unresolved.
The recent federal omnibus bill (commonly referred to in testimony as HR 1 or the OBBBA) created a federal tax‑credit scholarship program that would allow donors to receive a dollar‑for‑dollar federal tax credit for contributions to scholarship‑granting organizations (SGOs) that distribute scholarships to eligible K‑12 students.
Under the federal law, states must opt into the program on a January 1 annual schedule; donors may receive up to a $1,700 federal credit in a tax year, and…
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