Minnesota Senate Media Services
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Establishing the Opportunity Scholarship Program
Posted
March 19, 2019
Views
55
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March 19, 2019
55
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1:06:57Now PlayingIndividuals and corporations donating to a nonprofit organization that offers scholarships to students who want to attend schools of their choice--public, charter or private--would receive a tax credit, under a bill presented to the Senate Tax Committee Tuesday, March 19.
Sponsored by Tax Chair Roger Chamberlain, R-Lino Lakes, the bill would allow contributions to be eligible for a 70 percent tax credit, and it requires organizations receiving the grant to be approved by the Department of Revenue. The income of families allowed to receive scholarships could not exceed twice the amount of Reduced Priced Lunch eligibility.
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