The Montgomery Advertiser: IRS Proposes Regulations that Could Impact Alabama Accountability Act Donors
media mentionCarl Davis of the Institute on Taxation and Economic Policy, a non-profit, non-partisan research organization, said the regulations “make a lot of sense as far as what is charity and what isn’t.” The graphic shows how the donations to the Alabama Accountability Act benefit donors.
The fundamental problem, he added, was that deductions exceeded the donation, thus are not truly charitable. Similar tuition tax credit programs exist in 11 other states, which takes tax dollars that would otherwise go to public schools and diverts them to private.