News & Analysis as of

Tax Credits Scholarships

Venable LLP

Federal School Choice Program 2025: What It Means for Independent Schools

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The One Big Beautiful Bill, signed into law on July 4, creates a new federal scholarship program to expand school choice to more American families. ...more

Fisher Phillips

“One Big Beautiful” School Choice: Budget Bill Provides Key Tax Break That Could Help Your K-12 School

Fisher Phillips on

The “One Big Beautiful Bill” passed by Congress and signed into law by President Trump last month includes a new federal tax credit program for donations that could significantly expand private school scholarship options if...more

Foster Swift Collins & Smith

TEO Tax Update: New Credit for SGO Contributions

Introduction The One Big Beautiful Bill Act (Act) establishes a new federal tax credit for individual donations to Scholarship Granting Organizations (SGOs) serving U.S. elementary and secondary school students....more

McCarter & English, LLP

House Tax Bill Provides Significant New Funding Sources for Private Elementary and Secondary Education

President Trump’s “One Big Beautiful Bill” (OBBBA) was narrowly passed in the House in May, and while there are many important aspects of the bill, there are provisions that may affect secondary and post-secondary...more

Roetzel & Andress

Whose Prayers Will Be Answered: Awaiting The High Court’s Decision On Religious School Choice In Espinoza v. Montana Dep't of...

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On January 22, 2020, the Supreme Court of the United States heard oral arguments in Espinoza v. Montana Department of Revenue, the case that could have serious consequences in the school choice debate. Parents of children...more

McDermott Will & Schulte

Illinois’ Invest in Kids Tax Credit

McDermott Will & Schulte on

Overview- Illinois’ July 2017 Revenue Bill for the 2018 fiscal year included the Invest in Kids Act (Act), which creates a new program, effective January 1, 2018, that provides up to $75 million in income tax credits for...more

Bradley Arant Boult Cummings LLP

Department of Revenue Issues Favorable Ruling for Tax Credit Scholarship Donors - State & Local Tax Alert: Alabama Edition

Since the landmark Alabama Accountability Act was enacted in 2013, allowing individual and corporate donors to provide scholarship funds for underprivileged children in our state who are zoned for underperforming public...more

Bradley Arant Boult Cummings LLP

Year-End Tax Planning with Tax Credit-Funded Scholarships

The Alabama Accountability Act provides state income tax credits to certain donors who make contributions to a state-approved scholarship granting organization (SGO). Alabama’s neediest school children can be helped at little...more

Holland & Knight LLP

Religious Institutions Update: August 2016

Holland & Knight LLP on

When was the last time your organization reviewed your insurance policies? Not all policies are equal. Many religious organizations are underinsured. Most should have general liability, property, professional liability,...more

Holland & Knight LLP

Religious Institutions Update: May 2015

Holland & Knight LLP on

Religious institutions commonly keep ministry supporters and members abreast of developments through newsletters, correspondence and other communications. Sometimes, the developments reported are embarrassing to those...more

Bradley Arant Boult Cummings LLP

Landmark Tax Credit Scholarship Program Upheld by Alabama Supreme Court

On March 2 in an 8-1 decision, the Alabama Supreme Court upheld the constitutionality of the Alabama Accountability Act of 2013 (the “Act”) in Magee et al. v. Boyd et al. The massive 222-page opinion affirmed in part, but...more

Bradley Arant Boult Cummings LLP

Year-End Tax Planning and Scholarship Tax Credits

The Alabama Accountability Act of 2013 provides state income tax credits to certain donors who make contributions to a qualified scholarship granting organization operating within Alabama, including our client, the Alabama...more

Bradley Arant Boult Cummings LLP

Department of Revenue Issues Guidance on the Alabama Accountability Act of 2013

On June 21, the Alabama Department of Revenue (“ADOR” or “Department”) released proposed rules interpreting the landmark Alabama Accountability Act of 2013 (“AAA” or “Act”), Acts of Alabama 2013-64, as amended by Acts of...more

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