Photo: The meeting last night hosted by Agudath Israel’s chairman of the board, Mr. Sol Werdiger, at which the Governor Hochul announced her intention to opt in to the federal scholarship tax credit.
In a public statement, New York Governor Kathy Hochul’s office said this morning that the governor “is supportive of the federal tax credit scholarship and its potential to help New York students and schools.” The announcement followed a meeting last night between the governor and Orthodox community leaders hosted by Agudath Israel’s chairman of the board, Mr. Sol Werdiger, at which the governor announced her intention to opt in to the federal scholarship tax credit. This announcement was celebrated by Agudath Israel of America and families across the state who have been eagerly waiting for New York to opt in to this new federal opportunity.
The Federal Scholarship Tax Credit (FSTC) allows taxpayers to contribute up to $1700 to a scholarship granting organization and receive a dollar-for-dollar federal tax credit. Scholarships can be used for tutoring, special needs services, and tuition among many allowable uses. While 27 states have already joined, only one Democratic governor, Jared Polis of Colorado has opted in so far. Agudath Israel, together with its allies and grassroots advocates, played a key role in the passage of the tax credit.
“Governor Hochul correctly highlighted that the new tax credit has great potential to help all New York students whether they attend private or public school,” said Rabbi A. D. Motzen, Agudath Israel of America’s national director of government affairs. “Opting in allows New York State to retain some of the billions of dollars in New York taxpayer money that would have flowed to the federal government or donated to scholarship organizations in other states.”
Agudath Israel and its allies including the FSTC Coalition, the NYS Catholic Conference, Invest in Education, and Teach NYS will continue to work with the governor and her staff to ensure that the tax credit is implemented in a way that helps all families. Agudath Israel and its allies are also working closely with the Treasury Department and we are confident that the rules will be ones that all states can accept and benefit from.
To learn more about the Federal Scholarship Tax Credit go to agudah.org/FSTC.
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The meeting last night hosted by Agudath Israel’s chairman of the board, Mr. Sol Werdiger, at which the Governor Hochul announced her intention to opt in to the federal scholarship tax credit.