Education Improvement Scholarships Tax Credits

Student Eligibility

• Family income cannot exceed 300 percent of the federal poverty guidelines ($75,300 for a family of four in 2018)
• Student must have attended public school the previous year or be entering kindergarten or 1st grade
• Eligible students with a disability must satisfy the above requirement; they must also have an Individualized Education Program (IEP), and their family’s income cannot exceed 400 percent of the federal poverty guidelines ($100,400 for a family of four in 2018)

School Requirements

• Comply with state and local health and safety laws
• Hold a valid occupancy permit
• Comply with the Title VI of the Civil Rights Act of 1964
• Comply with nonpublic school accreditation requirements as set forth in Code of Virginia and administered by the Virginia Council for Private Education or be a nonpublic school that maintains an assessment system that annually measures scholarship students’ progress in reading and math using a national norm-referenced achievement test
• Annually provide the state with scholarship students’ national norm-referenced achievement test results
• Annually provide the state with scholarship students’ graduation rates

Scholarship Foundation (SF) Requirements

• Be approved by the state
• Use at least 90 percent of contributions for scholarships
• Make scholarships available for more than one school
• Comply with Title VI of the Civil Rights Act of 1964
• Conduct an annual audit, review or compilation on tax-credit-derived funds
• Submit to the state:
  • Total number and dollar amount of contributions received
  • Dates when such contributions were received
  • Total number and dollar amount of scholarships awarded