Lawmakers show support for Education Investment Tax Credit

Lawmakers are proposing new legislation to financially help families send their kids to school. A group gathered at Cathedral High School in Manhattan Monday to

The bill would offer taxpayers an incentive to donate money for educational purposes.

The bill would offer taxpayers an incentive to donate money for educational purposes. (3/11/14)

THE BRONX - Lawmakers are proposing new legislation to financially help families send their kids to school.

A group gathered at Cathedral High School in Manhattan Monday to show support for the Education Investment Tax Credit, which would offer an incentive for taxpayers to donate money for educational purposes, both public and private. 

If passed, it would give a dollar-to-dollar reduction in state taxes for those who donate to public schools, or to scholarships for families looking to send their children to private schools.

Supporters estimate the total increase of donations from the bill would be as much as $300 million per year. The tax credit would also apply to teachers who pay for classroom supplies out of their own pockets.

The legislation has already passed the Senate, and backers are hoping it will be part of this year's state budget.

advertisement | advertise on News 12

Trending Video

1 VIDEO: Suspect in Sheridan Avenue murder escorted by police
Word on the Street: Amazon Go's checkout-free grocery 2 Word on the Street: Amazon Go's checkout-free grocery store
A thief swiped a cash register from a 3 Sources: Thief stole cash register, then cab as getaway car
4 Bronx Sportscast, Dec. 6
Curtis Younger is charged with criminal obstruction of 5 Mom, stepfather arrested in choking, beating of 8-year-old

advertisement | advertise on News 12

Features

Furry Friends is a weekly segment on News Furry Friends

Furry Friends is a weekly segment on News 12 The Bronx nightside.

Sorry to interrupt...

Your first 5 are free

Access to News12 is free for Optimum, Comcast®, Time Warner® and Service Electric℠ video customers.

Please enjoy 5 complimentary views to articles, photos, and videos during the next 30 days.

LOGIN SUBSCRIBE