School Choice Expansion: Florida and Iowa Edition

As the Friedman Foundation for Educational Choice reports:

  • More than 23,000 students will receive annual scholarships to quality schools, thanks to legislation that will boost the state’s tax-credit scholarship program, signed today by Florida Governor Charlie Crist. Donations to the newly renamed Florida Tax Credit Scholarship Program may now include contributions from “S-Corporations” (including insurance companies), who will receive dollar-for-dollar credits against premium taxes.
  • On May 27, Iowa has expanded that state’s tax credit program to include contributions from corporations in addition to donations from individuals. Allowing corporations to donate to scholarship programs will allow companies to be good corporate citizens while ensuring that additional scholarship money available to students.