Florida’s business taxpayers can earn dollar-for-dollar tax credits while funding K through 12 scholarships for children with a financial need. This is made possible through the state’s Florida Tax Credit Scholarship Program. First introduced in 2001, the program receives more than $700 million in tax-credited contributions annually.
Does your company have a Florida tax liability? We invite your corporation to join us in this vital effort as we strive to ensure all children have equal opportunity to achieve their maximum potential through education. Corporate contributions receive dollar-for-dollar credits for the following Florida liabilities:
- Alcoholic Beverage Excise Tax
- Business Rent / Commercial Lease Sales Tax
- Corporate Income Tax
- Direct Pay Sales & Use Tax
- Insurance Premium Tax
- Oil and/or Gas Severance Tax
By getting involved, you can make a meaningful contribution to the lives of children with a financial need. Step Up For Students believes all children have the right to access the learning environment that best meets their needs.
Across the state, there are more than 100,000 students benefiting from this program. Qualifying families can select from close to 2,000 private schools or an out-of-district public school that best meets the individual needs of the child. For the 2020-21 school year, the average household incomes of benefiting families is $32,620 and nearly 70% of the scholarship children are minorities.
Annual research shows that beneficiaries were previously the worst performers in their assigned schools and, once on the program, their learning gains keep pace with their national peers regardless of income level. In 2019, the Urban Institute issued a report showing that if a student is on the scholarship four years or longer, they are 45% more likely to earn a degree.
Participation is simple and easy. For more information, call Jillian Metz at (833) 450 3287 or JMetz@StepUpForStudents.org.