Legislative Bill 753 (the proposed “Opportunity Scholarships Act”) will likely be headed for legislative floor debate soon. We believe passage of the bill would create unreasonable tax credits and result in inappropriate use of tax dollars.
Under LB 753, individuals or entities making charitable donations to a scholarship granting organization (SGO) would receive a tax credit (rather than a tax deduction) for their donation. The benefit of these scholarship donations would be far superior to other forms of charitable gifting from a tax standpoint. Your donation to United Way, TeamMates or most other non-private education causes would receive less favorable treatment. Why should that be the case?