Individual and Corporate School Tuition Organization Tax Credit

Program Information

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

Student Participation

  • Family income cannot exceed 300% of the federal poverty guidelines ($75,300 for family of four in 2018)
  • Be accredited
  • Comply with federal Civil Rights Act of 1964 and Iowa Chapter 216
  • Comply with state health and safety codes
  • Use at least 90% of contributions for scholarships
  • Make scholarships available for more than one school
  • Obtain an annual review of financial statements by a public accounting firm
  • Submit data to the state on accepted contributions, grants awarded, and participating schools

Data Update

Schools Participating
144
STOs Operating
12
2017 Donations
$18,461,866

Financial

Scholarship Cap
- Tuition only
Tax Credit Value
- 65 percent of donation
Donor Tax Credit Cap
- None
Statewide Cap
- $12 million
-- 25 percent for corporations
-- 75 percent for individuals and married couples
Year Enacted
- 2006