South Carolina H3420 establishes a tax credit for contributions to nonprofit scholarship funding organizations that provide grants for tuition and.
South Carolina H3420, the Providing Academic Choice in Education (PACE) bill, introduces a tax credit for contributions to nonprofit scholarship funding organizations. These organizations provide grants for tuition to exceptional needs, disadvantaged, and PACE Scholarship children, as well as for home school curriculum fees. The bill specifies eligibility criteria for students and schools, outlines the application process for organizations, and sets limits on the tax credits available.
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