Sunday, December 11, 2016

Potential Changes to South Carolina Educational Tax Credits

Legislation has been pre-filed in South Carolina by State Senator Tom Davis in an attempt to double a tax credit program that helps fund disabled students’ private education. The Legislation also plans to offer an additional $25 million in tax credits for the donors whose money would allow poor children to go to private school.

Senator Davis introduced the legislation in response to a South Carolina Supreme Court case where it was declared the state was not doing enough for poor, rural students and their schools. Davis believes making private schools a realistic option for many students is a step in the right direction.

The proposal would offer more tax credits to those who donate to a nonprofit that “makes private school tuition grants to students with disabilities or those who live in poverty.” These credits would allow the donor to reduce their state taxes by up to 60 percent.

South Carolina currently offers up to $10 million in tax credits for donations helping disabled students. The expansion would expand that offering to $25 million, and grant another $25 million specifically for impoverished students.

Whatever program the state ultimately adopts, hopefully it provides students with the quality education they both require and deserve.

 

David A. Brennen

https://lawprofessors.typepad.com/nonprofit/2016/12/potential-changes-to-south-carolina-educational-tax-credits.html

Current Affairs, In the News, State – Legislative | Permalink

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