The Alabama Accountability Act:
Support Deserving Students at No Cost to You
At midnight on January 1, 2019, $30 million dollar-for-dollar Alabama income tax credits became available to Alabama taxpayers who wish to support low-income children in our state. These credits are available on a first come, first served basis. We do not expect the credits to last long. Reserve yours now!
The Alabama Accountability Act authorizes donation-funded scholarships for low income students to attend qualified independent schools such as Holy Family Cristo Rey Catholic High School. These scholarships are granted by specially created Scholarship Granting Organizations (or SGOs) for the sole purpose of taking private donations and awarding them to low income students in schools that have qualified to receive funds directly from the SGOs.
Holy Family Cristo Rey has this relationship with Alabama Opportunity Scholarship Fund, Scholarship for Kids (a Birmingham based SGO), and C2 Opportunity Scholarships (an SGO specifically supporting Catholic education).
Under the AAA, Alabama taxpayers may claim a dollar for dollar credit against Alabama tax liability for donations to an SGO as follows:
Visit scholarshipsforkids.org, alabamascholarshipfund.org, or csquaredscholarships.org to learn more.
Ready to get started?
Download our easy, step-by-step guide to redirecting your tax liability here:
Then, visit the My Alabama Taxes (MAT) site.
Remember that these credits are claimed quickly, so be prepared to reserve yours as early as possible. Make sure you have your social security number and your Alabama Adjusted Gross Income for 2018.
Thank you for supporting Holy Family Cristo Rey Catholic High School!
Under current Alabama law, a scholarship granting organization cannot award, restrict, or reserve scholarships on the basis of a donor's restriction or condition. Similarly, a taxpayer may not claim a tax credit for a contribution that is restricted or conditioned by the donor, including a restriction or condition requiring that the donor's contribution must be directed to a particular student or to a particular school.