There has been legislation introduced at the federal level that would establish a dollar for dollar federal tax credit for contributions that would fund private school scholarships which would be run through state SGOs. While the text of the bills isn’t available yet, we wanted to make you aware of the proposal and give you a few links to information that answer a few of the questions you might have (see below). The proposed legislation would provide $5 billion which would be allocated to states (using a formula) to make available to donors, but all participation would be voluntary (donors can choose whether or not to give, states can decide to opt in or opt out, and families can decide whether or not they are interested in the scholarships).
There would be a provision that a donor couldn’t receive both the state tax credit and the federal tax credit for the same dollar. Since this program would be a federal tax credit, a donor from outside of Indiana could donate to an Indiana SGO and receive the credit. IF a version of this legislation passes, it could add more opportunities to raise funds for scholarships for Indiana’s private school students.
https://www.federationforchildren.org/education-freedom-scholarships/ (announcement by the American Federation for Children on the proposal)
https://sites.ed.gov/freedom/ (a site set up by the Department of Education to provide information on the program)
https://www.aei.org/multimedia/the-report-card-with-nat-malkus-education-freedom-scholarships-with-chester-finn-jr-and-jim-blew/ (podcast – approximately 40 minutes long)