Alabama's new tax credits limited to transfers - ABC 33/40 - Birmingham News, Weather, Sports

Alabama's new tax credits limited to transfers

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STATEWIDE -

Alabama's Department of Revenue says the state's new private school tax credits do not 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 Governor Robert Bentley signed into law in March. 

State Revenue Commissioner, Julie Magee, said 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.  78 Alabama schools are on the state's list of schools that are failing under the new law.  Tax credits are worth $3,500 annually.  Parents can receive the credits if they send children to private academies or public schools that are not considered failing.

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