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Marco Rubio Brings Back Educational Opportunities Act to Expand School Choice With New Tax Credit

“The Educational Opportunities Act would allow individuals and businesses to contribute to qualified Scholarship Granting Organizations (SGOs) that award need-based scholarships to students to defray the cost of attending private schools. The bill creates an individual federal tax credit of up to $4,500 and a corporate credit of up to $100,000 for donations to qualifying, non-profit SGOs,” Rubio’s office noted about the proposal.

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This week, U.S. Sen. Marco Rubio, R-Fla., brought back his “Educational Opportunities Act” proposal which he noted will “expand school choice to more families through a new federal tax credit.”

Rubio has been pushing the proposal since 2013.

“The Educational Opportunities Act would allow individuals and businesses to contribute to qualified Scholarship Granting Organizations (SGOs) that award need-based scholarships to students to defray the cost of attending private schools. The bill creates an individual federal tax credit of up to $4,500 and a corporate credit of up to $100,000 for donations to qualifying, non-profit SGOs,” Rubio’s office noted about the proposal.

“American students’ potential should not be limited by the zip code their family can afford to live in,” Rubio said on Thursday. “By incentivizing investment, this bill addresses disparities in our education system to ensure students are able to thrive in the school that best fits their needs. I urge my colleagues to support this legislation that will empower families and students with the tools they need to succeed in the middle class and beyond.”

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Rubio introduced the bill on Thursday and it was sent to the U.S. Senate Finance Committee. So far, there are no Senate co-sponsors and no companion measure over in the U.S. House.

 

Reach Kevin Derby at kevin.derby@floridadaily.com.

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  • Kevin Derby

    Originally from Jacksonville, Kevin Derby is a contributing writer for Florida Daily and covers politics across Florida.

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