AN ACT ESTABLISHING A TAX CREDIT FOR EDUCATIONAL ACCESS AND OPPORTUNITY SCHOLARSHIPS.

Plain English Breakdown

The official source material does not specify the exact amount of tax credit or the eligibility criteria for nonprofits.

Tax Credit for Education Scholarships

This act creates a tax credit for people who donate money to nonprofits that provide educational access and opportunity scholarships.

What This Bill Does

• Creates a new tax credit for donations made to nonprofit entities.
• The nonprofits must use the donated money to provide educational access and opportunity scholarships.

Who It Names or Affects

• People who make donations to eligible nonprofits
• Nonprofit organizations that give out education scholarships

Terms To Know

Tax Credit

A reduction in the amount of tax a person or business has to pay.

Scholarship

Money given to students to help them pay for school expenses.

Limits and Unknowns

• The bill does not specify how much the tax credit will be.
• It is unclear which nonprofits are eligible to receive donations under this act.

Official Summary Text

To establish a tax credit for donations made to nonprofit entities that provide educational access and opportunity scholarships.

Current Bill Text

LCO No. 280 1 of 1

General Assembly Proposed Bill No. 40
February Session, 2026 LCO No. 280

Referred to Committee on FINANCE, REVENUE AND
BONDING

Introduced by:
SEN. FAZIO, 36th Dist.

AN ACT ESTABLISHING A TAX CREDIT FOR EDUCATIONAL
ACCESS AND OPPORTUNITY SCHOLARSHIPS.
Be it enacted by the Senate and House of Representatives in General
Assembly convened:

That the general statutes be amended to establish a tax credit for 1
donations made to nonprofit entities that provide educational access 2
and opportunity scholarships. 3
Statement of Purpose:
To establish a tax credit for donations made to nonprofit entities that
provide educational access and opportunity scholarships.