Background
Florida is one of 11 states with a tax credit scholarship. Here’s how it works.
Students are eligible for the program if:
- Their family household income is no more than 185 percent of the federal poverty level. That’s about $43,500 for a family of four. In 2014, Florida lawmakers expanded eligibility — partial scholarships — to families earning up to 260 percent of the federal poverty level, or $62,010 for a family of four.
Businesses can take a tax credit for donations to eligible “nonprofit scholarship funding organizations,” according to state law. Businesses can claim credits for corporate income taxes, insurance premium taxes, alcoholic beverage excise taxes, direct pay sales taxes and oil and gas severance taxes.
Read more »