On May 7, Representatives Andrew Brenner (R – Powell) and Bill Patmon (D – Cleveland) reintroduced legislation that would create a Tax Credit Scholarship Program for Ohio’s kids. House Bill 158 was introduced with 15 bipartisan co-sponsors, and it is currently awaiting discussion in the Ohio House Education Committee.
Under the proposal, individuals, married couples or certain businesses that donate to nonprofit Educational Scholarship Organizations would be eligible to receive a dollar-for-dollar, nonrefundable tax credit. Educational Scholarship Organizations would then use the donations to help provide scholarships to low-income students to attend a private school.
Credits would be limited to $1,000 annually for individual donors, $2,500 for married couples and up-to $300,000 for other taxpayers, such as businesses or utilities. Credits could be carried over for up to three years before they expire.
Educational Scholarship Organizations that receive the donations would have to contribute at least 90% of the donations it receives toward scholarships for eligible students who reside in Ohio, are eligible to attend a public school and whose family meets certain financial eligibility requirements. At least 50% of the scholarships awarded each year would be required to go to students who do not currently attend a private school.
The scholarships would be worth up to $4,250 for grades K-8 and up to $7,000 for grades 9-12 each year. Families that are awarded scholarships could use them to cover the cost of tuition at any participating private school.
We are excited to hear about this proposal for a Tax Credit Scholarship Program for Ohio’s kids. We completely support it, and we’re going to need your help to get it passed! Please contact the members of the Ohio House Education Committee and encourage them to support the passage of House Bill 158.
To read House Bill 158 or learn more about it, click here.