Bill > SB00122

This bill proposes establishing a tax credit for individuals or businesses who donate to nonprofit organizations that provide educational access and opportunity scholarships. A tax credit is a direct reduction in the amount of taxes owed, which means donors can reduce their tax liability by contributing to these specific nonprofit entities. The purpose of the bill is to incentivize financial support for scholarships that aim to increase educational opportunities, potentially helping students from disadvantaged backgrounds or those seeking alternative educational pathways access more educational resources. By offering a tax credit, the bill seeks to encourage private sector investment in educational support, which could help offset the costs of education for students who might not otherwise have the financial means to pursue their academic goals.

Budget and Finance

https://www.cga.ct.gov/asp/cgabillstatus/cgabillstatus.asp?selBillType=Bill&bill_num=SB00122&which_year=2025