Tax Credit Excludes Students Already In Private Schools.

Tax Credit Excludes Students Already In Private Schools.

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MONTGOMERY, Ala. -

The Alabama Accountability Act gives tax credits to parents who send their children to private academies or public schools that aren't failing, however those credits don't apply to students who are already in private schools.

The Accountability Act is was passed by Alabama's Republican-controlled legislature this year with Governor Bentley signing it into law in March. Since then, Alabama's Department of Revenue has been developing regulations to implement the act.

 State Revenue Commissioner Julie Magee clarifies that the tax credits are to offset the cost of transferring students out of failing public schools.  

She says tax credits for parents will depend on their child transferring to a private school that is accredited by an agency recognized by the state. The school must also accept scholarships provided under the new law.

 

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