EVANSVILLE, Ind. (WEHT) – Kentucky house leaders filed a bill to create a scholarship tax program.
The program is designed to help families by increasing the amount of financial aid or scholarships to families who cannot afford to send their children to non-public schools.
Scholarship Tax Credit programs allow private citizens and businesses to donate to scholarship granting organizations (SGOs) and in return receive a nonrefundable state tax credit. The SGO then uses the donations to award needs-based scholarships to families in the state that want to send their children to nonpublic schools like private schools or Montessori schools.
Currently, 18 other states have a Scholarship Tax Credit program.
(This story was originally published on January 28, 2019)