New Jersey Student Support Act establishes tax credits for contributions to organizations awarding scholarships to nonpublic school students.
The New Jersey Student Support Act creates a program within the Department of Treasury to provide tax credits to taxpayers contributing to organizations that award scholarships to eligible nonpublic school students. Eligible students must reside in New Jersey, intend to enroll in grades K-12, and have a household income below a specified threshold. The student support organization is responsible for verifying student eligibility, managing contributions, and distributing scholarships.
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