Enacted 2001 • Launched 2001 • Tax-Credit Scholarship
Florida provides a tax credit on corporate income taxes and insurance premium taxes for donations
to Scholarship Funding Organizations (SFOs), nonprofits that provide scholarships for low-income
students and children in foster care and offer funds for transportation to public schools outside a
child’s district. Businesses get a dollar-for-dollar tax credit for SFO contributions, with total credits
capped at $286.25 million. Unused credits can be carried forward to the next fiscal year.
Latest Stats (2013-14)
- Students participating: 59,674
- Schools participating: 1,414
- Scholarship organizations: 1
- Average scholarship value: $4,663 (projected
Scholarships can be worth up to $4,800, though they may not exceed private school tuition and fees.
Transportation grants for public schools are worth up to $500.
Students who qualify for free and reduced-price lunch ($43,568 for a family of four in 2013-14) and
who either are enrolled in public school or about to enter kindergarten through fifth grade are eligible.
Students in foster care also qualify. If students’ household incomes rise, they can stay in the program
under full scholarship as long as their family earns no more than 230 percent of the poverty level.
No legal challenges have been filed against the program.
Rules & Regulations
• Income Limit: 100 percent x FRL
• Prior Year Public School Requirement: Conditional
• Geographic Limit: Statewide
• Enrollment Cap: None
• Scholarship Cap: $4,880
• Testing Mandates: Nationally recognized norm-referenced tests
• Credit Value: 100 percent
• Total Credit Cap: Yes
• Budget Cap: Escalator
Fla. Stat. §§ 1002.395 and 1002.421
Leslie Hiner | firstname.lastname@example.org
Application information from Step Up For Students