"Opportunity Scholarship Act"; establishes pilot program in Department of Treasury providing tax credits to taxpayers contributing to scholarships for low-income children.
Impact
If enacted, the Opportunity Scholarship Act would allow for tax credits equivalent to 100% of taxpayer contributions made to a designated scholarship organization, which, in turn, would provide scholarships to eligible low-income students. The program is restricted to specific districts characterized by chronically failing schools, which are defined based on inadequate student performance metrics. The intent is to empower families to select schools outside of their failing districts, enhancing educational diversity and potentially improving student success rates.
Summary
Senate Bill S2437, known as the 'Opportunity Scholarship Act,' proposes the establishment of a five-year pilot program managed by the Department of Treasury. The program aims to provide tax credits to taxpayers who contribute to scholarships for low-income children enrolled in chronically failing schools. This bill is positioned as a means to enhance educational opportunities for children from families with limited financial resources, enabling parents to choose alternative schooling options for their children to improve their academic outcomes.
Contention
Key points of contention surrounding S2437 relate to the implications of directing taxpayer dollars towards nonpublic schools and the potential for reduced funding for public education. Critics argue that the bill would essentially divert necessary funds away from the public school system, exacerbating existing inequalities. Proponents maintain that offering parents choices will lead to better educational outcomes for children in failing schools, arguing that competition can drive improvement in educational quality.
Same As
"Opportunity Scholarship Act"; establishes pilot program in Department of Treasury providing tax credits to taxpayers contributing to scholarships for low-income children.
"Opportunity Scholarship Act"; establishes pilot program in Department of Treasury providing tax credits to taxpayers contributing to scholarships for low-income children.
"Opportunity Scholarship Act"; establishes pilot program in Department of Treasury providing tax credits to taxpayers contributing to scholarships for low-income children.
"Opportunity Scholarship Act"; establishes pilot program in Department of Treasury providing tax credits to taxpayers contributing to scholarships for low-income children.
"New Jersey Student Support Act"; establishes program in Department of Treasury to provide tax credits to taxpayers contributing to organization which awards scholarships to certain nonpublic school students.
"New Jersey Student Support Act"; establishes program to Department of Treasury to provide tax credits to taxpayers contributing to organization which awards scholarships to certain nonpublic school students.
Expanding the tax credit for low income students scholarship program act to allow certain high school students and students eligible to be enrolled in certain school districts to be eligible for scholarships, increasing the tax credit for contributions and the aggregate tax credit limit, providing for aggregate tax credit increases under certain conditions and providing for program administration by the state treasurer.
"Opportunity Scholarship Act"; establishes pilot program in Department of Treasury providing tax credits to taxpayers contributing to scholarships for low-income children.
"Opportunity Scholarship Act"; establishes pilot program in Department of Treasury providing tax credits to taxpayers contributing to scholarships for low-income children.
"Opportunity Scholarship Act"; establishes pilot program in Department of Treasury providing tax credits to taxpayers contributing to scholarships for low-income children.
"New Jersey Student Support Act"; establishes program in Department of Treasury to provide tax credits to taxpayers contributing to organization which awards scholarships to certain nonpublic school students.
"New Jersey Student Support Act"; establishes program to Department of Treasury to provide tax credits to taxpayers contributing to organization which awards scholarships to certain nonpublic school students.