New Jersey Senate Bill S3035

New Jersey 2024-2025 Regular Session

• Introduced: 4/8/24
• Refer: 4/8/24
• Failed: 6/10/24

Caption

"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.

Impact

The bill outlines specific eligibility criteria for both schools and students. An eligible school must comply with state anti-discrimination laws and the Anti-Bullying Bill of Rights Act, while eligible students must be residents of New Jersey with household incomes not exceeding specific federal guidelines multiplied by 2.6. Notably, the program is designed to fund scholarships to students not limited to specific schools, thereby promoting diversity in educational choices. The State will also appropriate $37.5 million annually to support this initiative, reflecting a commitment to educational funding in conjunction with maintaining existing public education mandates.

Summary

Senate Bill 3035, also known as the New Jersey Student Support Act, establishes a program within the Department of Treasury to provide tax credits to taxpayers who make contributions to organizations that award scholarships to eligible students attending nonpublic schools. The program aims to support families with financial barriers by allowing taxpayers to receive a credit equal to 75 percent of their contribution to designated student support organizations. This initiative is aimed at increasing access to educational opportunities for students in need, particularly those from low-income households.

Contention

The proposed legislation has raised discussions regarding the implications of diverting state funds to private education through tax credits. Critics argue that this could undermine public education funding and lead to a system where nonpublic schools receive preferential treatment over public schools. Proponents counter that this act is essential for providing families with choice and improving educational outcomes, particularly for those who may be underserved by the public school system. There are concerns about the long-term effects on public school finances and the equitable distribution of resources among educational institutions.