LOGIN NOT A MEMBER? REGISTER

FOR PRESS CONTACT US  SUPPORT

The Maryland Public Policy Institute

• RESEARCH
• Education
• Health Care
• Economic & Fiscal Policy
• Criminal Justice
• Environment
• Transportation
• Welfare
• Government Transparency
• EXPERTS
• EVENTS
• MPPI PRESS
• ABOUT US
• POLICY BLOG

School Choice Options for Maryland

Education Tax Credits and the BOAST Tax Credit Proposal

Education, Economic & Fiscal Policy

Edited by Alison Lake

STUDIES

In the 2007 Maryland state legislative session, a bipartisan coalition of legislators has introduced the Building Opportunities for All Students and Teachers, or BOAST tax credit proposal. This initiative is modeled after a similar tax credit program in Pennsylvania that has strong bipartisan support there. The legislation (Senate Bill 265) is sponsored by State Senator James E. DeGrange, Sr., a Democrat from District 32 (Anne Arundel County) and 17 co-sponsors. In the House of Delegates, the bill is sponsored by Delegate James E. Proctor Jr., a Democrat from District 27A (Calvert and Prince George’s counties) and 57 co-sponsors.

The BOAST tax credit proposal would provide up to $25 million in partial tax credits to Maryland businesses that make contributions to support education. Specifically, the bill would allow businesses to make up to $15 million in contributions to non-profit organizations that fund tuition scholarships to non-public schools. Businesses would also be allowed to contribute up to $10 million to organizations that fund initiatives to improve public education. Businesses participating in the BOAST tax credit program would be able to receive a partial tax credit (worth 75 percent of the donation) for qualifying contributions.

To read the full report, click here