Do you support”¦
Helping every family in Oregon that is spending money to educate our future citizens?
Ensuring that our most vulnerable children in Oregon get the high-quality education they deserve?
Generating millions of NEW dollars for the education of Oregon’s children voluntarily contributed by Oregon corporations?
What is a Tax Credit?
A tax credit is not a deduction (which reduces your taxable gross income). A state tax credit is taken directly out of the income taxes you owe the State of Oregon.
FOR EXAMPLE: If your state income tax is $3,000 and you qualify for a tax credit of $1,000, you owe the State of Oregon only $2,000.
Our bill in the 2009 Legislature will be called The Rose Friedman Educational Opportunity Tax Credit.
This legislation would create two tax credits:
1) The Oregon Family Education Tax Credit: A personal tax credit of $1,000 (per child) for any educational expenses including tuition, school supplies, tutoring, etc.
2) The Opportunity Scholarship Tax Credit: A tax credit for donations made to a tuition scholarship organization that gives scholarships to low-income students, or students with disabilities.
Opportunity Scholarship Limits:
Up to $1,000 per Oregon taxpayer ($2,000 for married couples filing jointly);
Up to $10,000 for Oregon Businesses (The first $2,000 would be 100% deductible with the rest 75% deductible).
Who qualifies for this tax credit?
“¢ Any taxpayer with a child from K-12 would qualify for the Oregon Family Education Tax Credit.
“¢ Any Oregon taxpayer or business that pays taxes would qualify for the Opportunity Scholarship Tax Credit.
We Need You to Join the Coalition to Send a Strong Message to Salem.
Join our grassroots campaign by signing up here. We’ll need thousands of supporters like you to get this passed during the 2009 Oregon Legislative Session. Your information will not be shared with anyone outside this effort. We’ll keep you regularly updated on our progress and let you know how you can help get this legislation passed. Add your name to the supporters list and help us grow in strength.
Cascade Policy Institute promotes public policy alternatives that foster individual liberty, personal responsibility and economic opportunity in the state of Oregon.