An Indianapolis-based scholarship-granting organization is encouraging Illinois residents to take advantage of federal Education Freedom Tax Credits in Indiana.
The Institute for Quality Education launched a billboard campaign this week on Interstate 94 at the state line to inform commuters that they can maximize their federal tax benefits by donating to scholarship-granting organizations in Indiana.
Illinois Gov. J.B. Pritzker has not yet announced whether Illinois will opt in or opt out of the program that provides individual tax credits up to $1,700 for donations to eligible scholarship-granting organizations. The scholarships are open to public, private and homeschool students.
American Federation for Children Senior Fellow Patrick Graff told Greg Bishop on The States that Illinois would receive over $1 billion in new education funding if 15% of the state’s taxpayers donated for the EFTC.