Credit Liz Schlemmer
A measure to create a tax-credit scholarship program is moving through the Kentucky General Assembly. But bill sponsor Chad McCoy (R-Bardstown) removed the measure’s most controversial feature he struck K-12 private school tuition from the list of items the scholarships could fund.
“We took out private school tuition,” McCoy told the joint Appropriations and Revenue committee Wednesday afternoon. “And I want to be clear: I personally hate that…But quite frankly enough people complained that this was just a way to fund private schools.”
McCoy’s version would allow individual and corporate donors to get back a tax credit for 95% to 97% of their contribution to the scholarship fund, up to $1 million a year.