Legislature Should Examine Several Issues When Considering a Tax Credit Program for Business Donations to Public Schools
Report 09-34, October 2009
- Two states, Pennsylvania and Arizona, offer tax credits for donations to fund public school programs. Pennsylvania offers businesses a tax credit for donations to fund innovative, advanced educational programs in public schools. Arizona provides a personal tax credit for donations made to public schools to support extracurricular activities or character education programs.
- If the Florida Legislature were to implement a business tax credit program for contributions to public schools, it should address several issues. These include considering the program's impact on state revenues and Florida's Tax Credit Scholarship Program, defining the program's purpose and eligibility requirements, establishing mechanisms for raising and allocating program funds, and establishing fiscal and program accountability mechanisms.
The Corporate Income Tax Credit Scholarship Program Saves State Dollars
Report 08-68 December 2008
tax credit scholarship, tax incentive, tax credit, school choice, at-risk students, tax revenue, public schools, Title I