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Office of Independent Education & Parental Choice

Office of Independent Education & Parental Choice
 

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Florida Tax Credit Scholarships Program

Florida School Choice | Florida Tax Credit Scholarships

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. The tax credit cap for the current year is $357,812,500. The tax credit cap amount will increase to $447,265,625 for the 2015-2016 state fiscal year.

Families interested in participating in the Florida Tax Credit Scholarship Program should contact an eligible Scholarship Funding Organization directly.

Information for Scholarship Funding Organizations