Similarly, it appears state lawmakers believe that the money earmarked for tax-credit programs don’t really count, either. That might explain the ease with which they doubled the amount of tax credits earmarked for corporate contributions to education.
The Educational Improvement Tax Credit program will grow from $75 million to $100 million, and an additional $50 million in credits will fund a new program targeted to students in the lowest-performing public schools. Under the current EITC program, corporations make contributions to organizations that provide scholarships to students or that provide educational programs to schools. Corporations then get tax credits for those contributions.
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