Good News for Educational Opportunity: New Hampshire Education Tax Credit
A sea change is taking place within the educational paradigm in the United States. Stagnant test scores accompanied by ever-increasing per-pupil costs over the last 40 years have driven American ingenuity to pursue educational solutions outside of the conventional school system. In various states, programs are sprouting to deal with the mounting challenge to deliver a quality education to every student. In 2012, New Hampshire passed the Education Tax Credit to provide more options to students and parents in New Hampshire. As one of the fifty laboratories of democracy in action, this state has committed itself to crafting solutions to the crumbling American education system. The New Hampshire Education Tax Credit (ETC) (HB 1607) allows businesses to write off up to 85% of donations to recognized charitable 501(c)(3) organizations that provide educational scholarships to children of families with incomes up to 300% of the federal poverty line ($69,150 for a family of fou...