Tax Credits & Educa on Savings Accounts in the U.S.
Robert Enlow President and CEO Friedman Founda on for Educa onal Choice 55 Programs in 26 States and DC Growth in Tax Credits and ESA Programs
25
3 20 2 1
1 15
1 10 19 18 17 15
5 10 9 7 6 3 1 0 1997 2001 2006 2008 2009 2011 2012 2013 2014 2015
Tax Credits ESA Par cipa on in Tax-Credit Scholarship Programs, 1997-98 to 2012-13
160,000
142,288 140,000 2012-13 is most recent data available for all programs 127,615 120,000 115,436 112,271 104,976 100,000 83,853 80,000 68,377 59,779 58,571 60,000 55,927 Tax-Credit Scholarships Awarded 40,000 36,932
20,000 15,081 18,049
128 3,207 0 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 School Year Ending
Educa onal Credit for Excep onal Needs Children - South Carolina Tui on Dona on Rebate Program - Louisiana Educa on Improvement Scholarships Tax Credits Program - Virginia Opportunity Scholarship Tax Credit Program - Pennsylvania Oklahoma Equal Opportunity Educa on Scholarships Educa on Tax Credit Program - New Hampshire "Switcher" Individual Income Tax Credit Scholarship Program - Arizona Educa on Scholarship Program - Alabama School Scholarship Tax Credit - Indiana Lexie's Law for Disabled and Displaced Students Tax Credit Scholarship Program - Arizona Qualified Educa on Expense Tax Credit - Georgia Tax Credits for Contribu ons to Scholarship Organiza ons - Rhode Island School Tui on Organiza on Tax Credit - Iowa Low-Income Corporate Income Tax Credit Scholarship Program - Arizona Florida Tax Credit Scholarship Program Educa onal Improvement Tax Credit Program - Pennsylvania Original Individual Income Tax Credit Scholarship Program - Arizona Average Tax Credit Scholarship Across All States is $2,621
VA $2,413 SC $8,730 RI $2,519 PA OITC $2,312 PA EITC $1,587 OK $566 NH $1,316 LA $3,726 IA $1,209 IN $1,064 GA $3,515 FL $4,999 AZ Switch $1,088 AZ Lexies $3,360 AZ Corp. $1,524 AZ Ind. $1,927 AL $2,699
$0 $1,000 $2,000 $3,000 $4,000 $5,000 $6,000 $7,000 $8,000 $9,000 $10,000 Average Value as a Percentage of Jurisdic on's Per-Student Current Spending
South Carolina - Educa onal Credit for Excep onal Needs Children 95% Nevada - Educa onal Choice Scholarship Program* 95%* Kansas - Tax Credit for Low Income Students Scholarship Program* 82%* Florida Tax Credit Scholarship Program 60% Arizona - Lexie's Law for Disabled and Displaced Students Tax Credit 44% Georgia - Qualified Educa on Expense Tax Credit 38% Louisiana - Tui on Dona on Rebate Program 33% Alabama - Educa on Scholarship Program 32% Arizona - Original Individual Income Tax Credit Scholarship Program 25% Virginia - Educa on Improvement Scholarships Tax Credits Program 23% Arizona - Low-Income Corporate Income Tax Credit Scholarship 20% Rhode Island - Tax Credits for Contribu ons to Scholarship 18% Pennsylvania - Opportunity Scholarship Tax Credit Program 17% Arizona - "Switcher" Individual Income Tax Credit Scholarship 14% Iowa - School Tui on Organiza on Tax Credit 12% Pennsylvania - Educa onal Improvement Tax Credit Program 12% Indiana - School Scholarship Tax Credit 11% New Hampshire - Educa on Tax Credit Program 10% Oklahoma - Equal Opportunity Educa on Scholarships 8% *Calculated using maximum scholarship amount Number of Scholarship Organiza ons By State
VA 12 SC 4
RI 5 PA OITC 173 PA EITC 265 OK 2 NH 1 LA 2 IA 12 IN 4 GA 27 FL 2 AZ Switch 37 AZ Lexies 6 AZ Corp. 26 AZ Ind. 47 AL 2
0 50 100 150 200 250 300 Number of Par cipa ng Schools By State
VA 61
SC 48
RI 46
PA OITC No data
PA EITC No data
OK 33
NH 13
LA 20
IA 153 IN No data GA No data
FL 1,525
AZ Switch 260
AZ Lexies 61
AZ Corp. 216
AZ Ind. 337
AL No data
0 200 400 600 800 1000 1200 1400 1600 1800 Regula ons on Tax Credit Scholarship Programs
SGO ADMIN RULES SCHOOL ADMIN & FINANCIAL ACADEMIC
Proof of Background Financial Non- Background Standardized Public Independent Repor ng H&S Financial Checks Repor ng Discrimin checks tests Repor ng Evalua on Viability AZ Ind. X X X X
AZ Corporate X X X X AZ Lexie’s Law X X X X
FL Corp. X X X X X X X X X X
GA X X X X
IN X X X X X X X
IA X X X X
LA Rebate X X X X X X X X
NH X
OK X X X X X
PA EITC X X X X X
PA OITC X X X
RI X X X X VA X X X X X X