Establishes an empowerment scholarship tax credit to expand educational opportunities for low-and-moderate-income students.

The bill establishes an empowerment scholarship tax credit to expand educational opportunities for low-and-moderate-income students in Massachusetts. It allows taxpayers to claim a refundable credit against taxes for donations to qualified scholarship programs. The credit is equal to 30% of the donation amount, up to a maximum of $250,000 per donation. The bill defines "qualified scholarship program" as a means-tested scholarship program offered by accredited Massachusetts elementary and secondary schools. The tax credit is subject to an annual cap of $20,000,000.

Establishes an empowerment scholarship tax credit to expand educational opportunities for low-and-moderate-income students.

The bill establishes an empowerment scholarship tax credit to expand educational opportunities for low-and-moderate-income students in Massachusetts. It allows taxpayers to claim a refundable credit against taxes for donations to qualified scholarship programs. The credit is equal to 30% of the donation amount, up to a maximum of $250,000 per donation. The bill defines "qualified scholarship program" as a means-tested scholarship program offered by accredited Massachusetts elementary and secondary schools. The tax credit is subject to an annual cap of $20,000,000.