September 22, 2023
September 22, 2023

Linking Northern and Central NJ, Bronx, Manhattan, Westchester and CT

Rabbis and Bishops Unite on Tuition Tax Credit Bill

Representatives of the Orthodox Union, the Rabbinical Council of America (RCA) and the United States Conference of Catholic Bishops attended their semi-annual meeting to discuss issues affecting their congregants and students.  The proposed Education Investment Tax Credit Legislation (A.1826/S.4099), designed to increase individual and corporate donations for education by changing benefits provided under current law from a tax exemption to a tax credit. The bill would help both public and private schools by dividing the tax credits evenly between donations made to public schools, including non-profit organizations supporting public schools, and donations made to scholarship organizations that provide scholarships for students to attend private schools.

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