New Jersey A4986 establishes a program to cover high school equivalency exam fees for low-income individuals and allows tax deductions for donations.
New Jersey A4986, known as the "We Believe In You Act," mandates the State Board of Education to create a program that pays high school equivalency exam fees for low-income individuals. The board must detail the application process, including required income verification documents. The bill defines "low-income individual" as someone residing in a household with income at or below 150% of federal poverty guidelines. Additionally, it establishes the "We Believe In You Fund" within the Department of Education, funded by donations eligible for gross income and corporation business tax deductions.
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