November 5, 2018

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IRS Hears Concerns About Voucher Tax Credit Programs

Today, AASA staff along with David Sovine, superintendent of Frederick County (Va.) Public Schools, and Richard Fry, superintendent of the Big Spring (Pa.) School District, testified today at a public hearing in Washington, D.C., about a regulation that the Internal Revenue Service is proposing that would close a tax shelter allowing individuals to profit by donating to private school voucher programs.

The proposed IRS regulation would put an end to the practice in Virginia, Pennsylvania and 10 other states where voucher supporters are receiving federal deductions and turning profits from donations to private school programs.

AASA is grateful for the many superintendents who weighed in with the IRS during the written comment period in October opposing any carve-outs for voucher programs under the proposed regulation. In addition, we are very appreciative that Dr. Sovine and Dr. Fry were able to testify personally at the public hearing today. AASA's testimony can be found here.  

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