Tag: scholarship granting organizations

“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.