Corporate and Individual Scholarship Tax Credit Program

Program Information

  • STC
  • Program Type: Scholarship Tax Credit Program, Corporate, Individual

Student Participation

  • Family income cannot exceed 200% of the amount required to qualify for the free or reduced-price lunch program ($92,870 for family of four in 2018)
  • Be accredited by a national or regional accreditation agency that is recognized by the state board
  • Administer statewide assessments or other nationally recognized and norm-referenced assessment to all students in the school
  • Use at least 90 percent of contributions for scholarships
  • Be certified by the state
  • Make scholarships available for more than one school
  • Conduct criminal background checks on all SGO employees and board members
  • Have an outside financial audit conducted and provide an annual report to the state

Data Update

Schools Participating
322
SGOs Operating
7
2014 Donations
$24,957,566

Financial

Scholarship Cap
- Tuition and fees
Tax Credit Value
- 50 percent of donation
Donor Tax Credit Cap
- None
Statewide Cap
- $12.5 million in credits (2017-18)