New Hampshire parents will get help paying for private school or homeschooling. The Legislature voted to override Gov. John Lynch’s veto of a new parental choice tax credit.
Businesses will receive an 85 percent tax credit for donations to scholarship organizations, which would distribute the scholarships for students to attend private or religious schools. The money could also be used to defray the cost of a home-school education.
The scholarships could only go to families earning less than 300 percent of the federal poverty level – about $70,000 for a family of four.
The program would be limited to $4 million in scholarships in the first year, then $6 million the next year and $8 million the third year.