State tax credits are available once again for donors toward South Carolina’s private school choice program.
Taxpayers can be eligible for the credits by making a donation to a state program that helps cover the private school tuition of children with certain disabilities, or if that tuition is paid on their own.
According to the State newspaper, a recently formed nonprofit received about $3.8 million in donations for the school choice program this past year. Individuals who donate to the nonprofit can claim a tax credit that could reduce their state taxes by up to 60 percent. The state is offering up to $10 million in credits for donations to the program.
The state also is offering $2 million in credits to taxpayers who pay private-school tuition out of pocket for children with disabilities. State officials allowed nonprofit groups to raise money that was eligible for the tax credits and issue private school tuition grants to children with disabilities until July 1.
Over $7 million in tax credits are available through the program.
Legislators gave the state direct control of the program this year over concerns about how the privately-run nonprofits were being operated. Specifically, the state Department of Revenue suspected that parents of special-needs students were being urged to make a donation to a certain nonprofit in exchange for that nonprofit then offering their child a scholarship, a quid pro quo agreement lawmakers had not been against when they passed the law in 2014.