In this report, you will learn:
Tax-Credit BreakdownThe report compares Indiana’s tax credit program with others around the nation. The program ties Oklahoma for last place in the value of the credit, which is 50 percent of eligible donations.
Indiana RegulationsIndiana’s program caps total available tax credits at $7.5 million. Increasing this cap could provide thousands more children with game-changing private school scholarships.
Students BenefitAlthough this program currently benefits thousands of Indiana students, the author estimates that more than 100,000 scholarship-eligible students would participate were the program expanded.
Further RecommendationsThe author makes several suggestions for improving Indiana’s tax credit program, including doubling the amount of tax credits available, adding an “escalator clause” to automatically raise the tax credit cap, and raising the total tax credit value.