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Senate panel advances $2 million scholarship tax credit for low-income K–12 families
Summary
The Senate Revenue & Tax Committee voted to pass SB 680, a capped $2 million income tax-credit program aimed at funding private tuition scholarships for households under 200% of the federal poverty level; the bill drew testimony from education leaders, parents and DFA on administration and fiscal effects.
Senators in the Revenue & Tax Committee approved SB 680, which would create an income tax credit to fund scholarships for kindergarten through 12th-grade students from households with incomes below 200% of the federal poverty level. Sponsor Senator Dismain said the program is capped at $2,000,000 a year, would be administered by a scholarship-granting organization and is intended to help roughly 250 children.
The bill’s sponsor characterized the measure as a targeted choice program. "This is about allowing parents to make decisions that are in the best interest of their child's, lives and their particular…
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