Thursday, March 20, 2014

Archbishop of NY Lobbies for Tax Credits for School Donations and Scholarships - NPQ - Nonprofit Quarterly

Archbishop of NY Lobbies for Tax Credits for School Donations and Scholarships - NPQ - Nonprofit Quarterly: A leader of the original nonprofit—the Catholic Church—is advocating for change in New York.

The New York Times reports that a proposed state tax credit for donations to schools and scholarship programs is gaining traction in the state capital, and “turning the archbishop of New York, Cardinal Timothy M. Dolan, into something of a lobbyist.”

The proposed “education investment tax credit” would create a new state tax credit for those who donate money to public schools or to scholarships for poor and middle-class students attending private schools, including religious ones. It is a much larger credit than the deduction that now exists for such contributions.

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