The Hill: IRS Sparks New Fight Over School Donations

However, other groups at the hearing, including representatives of public schools and the left-leaning Institute on Taxation and Economic Policy (ITEP), defended the application of the IRS guidance to the tax-credit scholarship programs. They argued that there is evidence that these programs had been advertised as tax shelters before the 2017 tax law.

“This regulation would represent a major improvement over the status quo, particularly because it takes a broad approach to state and local tax credits,” said ITEP research director Carl Davis. Read more