Revenue Department clarifies tax credit rules - ABC 33/40 - Birmingham News, Weather, Sports

Revenue Department clarifies tax credit rules

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MONTGOMERY - AL -

 

Alabama's Department of Revenue says the state's new private school tax credits don't apply to students who are already in private schools, even though they are zoned for a failing public school.
The department has been developing regulations to implement the Alabama Accountability Act, which the governor signed into law in March. State Revenue Commissioner Julie Magee said Tuesday the law is clear that the tax credits are to offset the cost of transferring students out of failing public schools, and it starts with the semester beginning in August.
She said tax credits for parents will depend on their child transferring to a private school that is accredited by an agency recognized by the state and that accepts scholarships provided under the new law.

 

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