Stock Under $10 with 50-100% upside potential - 14 Days FREE!

Governor Jindal Signs Scholarship Tax Rebate Program Into Law





WASHINGTON, May 9, 2012 /PRNewswire-USNewswire/ -- Just weeks after signing a historic statewide expansion of school vouchers, Louisiana Governor Bobby Jindal on Monday signed into law the creation of a statewide scholarship tax rebate program, bringing yet another educational victory to low- and middle-income families across Louisiana.

The American Federation for Children—the nation's voice for school choice—praised the governor and a bipartisan coalition of state legislators for their support of House Bill 969, which allows individuals and businesses to receive a rebate for money donated to organizations that grant private school scholarships to eligible students.   

Creation of the tax rebate program coincides with the recent expansion of the highly-successful New Orleans Student Scholarships for Educational Excellence (SSEE) voucher program. The expanded program—signed into law by Jindal on April 18—creates eligibility for nearly 380,000 children throughout the state to receive a voucher to attend a participating private school of their parents' choice. 

"This is an exciting time for Louisiana as the state's leaders have worked tirelessly to expand and create multiple educational choice options for those families most in need," said Betsy DeVos, chairman of the American Federation for Children. "We commend Governor Jindal and the state's legislators for fighting to ensure a quality education and brighter future for thousands of children throughout the state." 

The rebate legislation, which passed with significant bipartisan support in both the state House and Senate at the end of April, grants scholarship eligibility to children in families with a household income of less than 250 percent of the federal poverty guideline (less than $57,625 for a family of four per year). All students entering kindergarten or currently enrolled in a public school are eligible to receive a scholarship. Students attending schools rated "D" or "F" by the state will receive first priority in the program.

AFC and its allied organizations—including the Louisiana Federation for Children and the Louisiana chapter of the Black Alliance for Educational Options—have been at the forefront of the school choice movement in Louisiana since beginning the fight for the SSEE program in 2007, working to strengthen and expand school choice in Louisiana, educating and mobilizing thousands of parents and supporters, and recruiting bipartisan support for school choice in the state.

SOURCE American Federation for Children

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
TRY IT FREE

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
Dividend Stock Advisor
TRY IT FREE
New! $49.95/yr

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Stocks Under $10
TRY IT FREE

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Real Money
TRY IT FREE

24/7 market commentary from Jim Cramer and 20+ veteran Wall Street gurus. Get access to the latest trading ideas on stocks, options, and ETFs as well as a real-time forum to see the pros exchanging their investment ideas.

Product Features:
  • Jim Cramer + 20 Wall Street pros
  • Intraday commentary & news
  • Real-time trading forum
  • Actionable trade ideas
Real Money Pro
TRY IT FREE

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass + 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
TRY IT FREE

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
DOW 15,303.10 8.60 0.06%
NASDAQ 3,459.14 -0.28 -0.01%
S&P 500 1,649.60 -0.91 -0.06%
US 10 Yr 2.011% -0.012

Brokerage Partners

Advertising Partners
Special Features

Free Newsletters from TheStreet

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

We respect your privacy. Manage Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs