Today, the Union of Orthodox Jewish Congregations of America (“Orthodox Union”) – the nation’s largest Orthodox Jewish umbrella organization – commended the Louisiana Legislature for passing educational tax credit legislation (HB 969).
House Bill 969, which was introduced by Rep. Kirk Talbot, authorizes a rebate for taxpayers who donate to certain school tuition organizations that provide scholarships to students entering non-public schools. This program is a win-win for students—who are able to have a choice in their education, and for taxpayers—who are able to receive tax credits for funding these scholarships.
Under HB 969, scholarships are provided to students whose family income is less than 250% of the Federal poverty level, and who are entering Kindergarten or transferring to a nonpublic school. Meanwhile, taxpayers receive a 100% tax credit for their donations.
The final bill leaves the program uncapped after the House refused a Senate amendment to cap the program at $300 million each year. By comparison, Florida’s tax credit scholarship program – currently the largest in the country – provides a maximum of $175 million.
The Orthodox Union praises the Louisiana Legislature for increasing school choice opportunity for all, and is especially thrilled for the positive impact the legislation can have on tuition affordability.
Jesse Hervitz, Orthodox Union Deputy Director of Political Affairs stated:
By approving this legislation, the Louisiana Legislature has signaled its commitment to offering parents and children the educational choice they deserve. This legislation will impact the availability of funds for Jewish day school students and families who are otherwise struggling to keep up with educational costs. We commend the Louisiana Legislature—Rep. Kirk Talbot in particular—and Governor Jindal for their efforts in ensuring final passage of HB 969.
(YWN World Headquarters – NYC)
3 Responses
Hope tax credits come to New york & New Jersey.
these tax credits are city , state taxes – correct? Im asking cause say in NY someone has 5 kids in yeshiva and they offer a tax credit of 5k per child. you get back 25k but only if you pay that much city and state tax – not likely unless your making alot of money (and above water)
I see the wheels turning already- so which NY Yeshivah is already in the process of incorporating in the state of Louisiana?