In 2014-2015, the Education Improvement Scholarship Tax Credit offered nearly 1,400 low and moderate income students the opportunity for a better educational placement. At the same time, it saved the Commonwealth of Virginia nearly $3 million in Standards of Quality funding as those students left the public system to attend a private school. With a 65 percent tax credit, Virginia’s tax credit scholarship program offers one of the smallest credits in the nation. Raising the credit to 90 percent would stimulate more donations to scholarship foundations, relieve family financial strains by providing higher scholarships to poorer students, offer more choices to educationally at-risk students — and not cost Virginia taxpayers a dime!
