Office of Independent Education & Parental Choice
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Office of Independent Education & Parental Choice |
Florida Tax Credit Scholarships Program
Good
news for choice! To encourage private, voluntary contributions, to expand educational
opportunities for children of families that have limited financial resources
and to enable children in this state to achieve a greater level of excellence
in their education, the 2001 Florida Legislature created s. 220.187, Florida Statutes, establishing the Florida Tax Credit Scholarship
Program. In 2010, the FTC Scholarship Program was expanded and renumbered
as Section 1002.395, Florida Statutes.
The law provides for state tax credits for contributions to nonprofit scholarship funding organizations, called SFOs. The SFO's then award scholarships to eligible children of families that have limited financial resources.