This is a comprehensive guide to Scholarship Tax Credits. As administrators and educators in nonpublic schools, you play an important role in telling your story and sharing how this program could help vulnerable Kentucky students.
The guide provides the following:
- Scholarship Tax Credits: The Basics
- Your Role
- Talking Points and One-Pager
Read the complete guide attached below.
Treasury Dept. Amends Proposed Rule Affecting Scholarship Donations
Almost ten months after issuing proposed regulations that drew the concern of school choice advocates, the US Treasury Department has issued a final rule on the tax treatment of payments made under state and local tax credit programs.
Read more about this issue in the June edition of CAPE Outlook.
Christian school administrators can request Title II, Part A funds. Local educational agencies (LEA) are fiscally responsible agents that ensure the disbursement of these funds are in accordance with federal guidelines.
For an overview of the request process and the guidelines required please follow the attached funding guide.
The Council for American Private Education has published their current newsletter (See attachment).
This month's newsletter features the following:
-US Dept of Education: Education Freedom Scholarships Proposal
-Senate Committee Holds Field Hearing
-School Choice in FL Demonstrates Success
"During the next few weeks, our General Assembly has a remarkable opportunity to give thousands of Kentucky children a new path to success by voting in favor of two bills that will help create a scholarship tax credit program. House Bill 205 and Senate Bill 118 will go a long way towards helping children in the Commonwealth reach their dreams."
"Families like the Hendersons in South Louisville know all too well the power this scholarship tax program would have in transforming the futures of Kentucky’s children."
The House Bill 205 is facing opposition that is threatening to shut down the public schools with a strike if HB 205 advances. We expect a vote today.
Here is a summary of the bill:
The Association of Christian Schools International (ACSI) announces its support for the Education Freedom Scholarships and Opportunity Act, a signature legislative proposal to advance parental choice in education through a federal tax credit program.
The legislation is a reasonable approach which is carefully drawn to respect the requirements of federalism and the autonomy of independent education providers such as Christian schools.
In response to the tax credit movements, we have found several schools in Pennsylvania who have successfully engaged in the Educational Improvement Tax Credit (EITC) program to offer scholarships to families who wish to enroll at private Christian schools.
The EITC program has been actively engaged in supporting private education since 2001.
This program provides the needed scholarship monies to support low-income families, allowing them to have access to high performing private schools.
The following attachment contains factual information about what the STC is, and answers questions that opponents often pose.