New York joins federal scholarship tax credit as states debate it
New York Gov. Kathy Hochul says the program can add money for students while leaving public school budgets intact. Washington state's superintendent, Chris Reykdal, opposes it.
By Standard Topic. AI-generated from the reporting listed under Coverage. Published . Updated .
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What happened
The federal Scholarship Tax Credit, created under President Trump's tax law, lets states opt in, and New York Gov. Kathy Hochul has committed the state to it. Washington state has not joined, and the credit is still being shaped by proposed IRS rules. The latest reporting shows New York's decision drawing praise while Washington remains undecided.
Why it matters
Critics argue it will mostly benefit wealthy families and deepen funding gaps between school districts.
Timeline
- Oct 12, 12:38 PM ET: Gov. Kathy Hochul announced New York is opting in, arguing the program can add money for students while leaving public school budgets intact.
- Oct 12, 6:18 PM ET: The Internal Revenue Service issued proposed regulations describing how the credit will be run.
- Oct 13, 4:18 PM ET: Washington state Superintendent Chris Reykdal came out against the federal program and urged the governor to reject it.
- Oct 14, 10:20 PM ET: Washington state still had not joined the federal education tax credit program.
Coverage
- Hochul smart to join the IRS education tax credit (nydailynews.com)
- New York opting in on Trump administration's education tax credit (Spectrum News)
- New York opts in to new education tax credit: Here’s what families need to know (silive.com)
- Hochul will opt New York into education tax credit that will help fund Jewish education (jewishinsider.com)
- Gov. Hochul gives nod to federal scholarship tax credit program for grades K-12 (newsday.com)
- New York opts in as states divide over school choice tax credit
- McMahon presses Washington's governor to join federal tax credit
- States opt into federal school choice programs
- Washington's schools chief opposes new federal school tax credit
- States weigh federal K-12 scholarship tax credit as Washington governor faces pressure
- States weigh opting into federal school tax credit as Washington resists
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