Straight Talk from Steve
Opportunity Scholarships Act
February 3, 2021
One bill that I will support this year is LB364, which creates the Opportunity Scholarships Act. Under this Act individual and corporate taxpayers would qualify for a non-refundable tax credit on the income tax returns that is equal to the amount that the taxpayer contributes to a scholarship-granting organization. However, taxpayers would be limited to an amount up to 50 percent of their state income tax liability.
Those organizations providing scholarships would become certified by the Nebraska Department of Revenue and the scholarships would apply to any private elementary or secondary...