The Chicago Tribune: After the Rush Job to Use Public Money on Private Schools, Now We Wait

Third, the Illinois program specifies that donations to scholarship funds — up to $1,000 a year for an individual — are not eligible for the 75 percent state tax credit if the taxpayer also claims that donation as a charitable contribution for federal tax purposes. This provision eliminates the ability of donors in higher tax brackets to realize a profit from their donation, as they can in nine states, according to “Public Loss Private Gain: How School Voucher Tax Shelters Undermine Public Education,” a recent study from the Institute on Taxation and Economic Policy in conjunction with the School Superintendents Association. Read more