Education Options in the States: State Programs That Provide Financial Assistance for Attendance at Private Elementary or Secondary Schools
Revised February 2009
Downloadable File PDF (1 MB)

Rhode Island

21. Rhode Island—Tax Credits for Contributions to Scholarship Organizations

Program type: Tax credits for business entities for contributions to scholarship organizations

Description: The Rhode Island Business Entity Scholarship Tax Credit Program provides tax credits to business entities that contribute to Scholarship Granting Organizations (SGOs). Business entities receive a credit valued at 75 percent of the contributions made or 90 percent if the second-year donation is worth at least 80 percent of the first year's donation, with a maximum credit of $100,000. The state has capped the amount of credits available at $1 million. In order for students to be eligible for these corporate scholarships they must be from families whose income does not exceed 250 percent of the federal poverty level.

Amount of assistance: SGOs establish scholarship amounts individually. For the 2007-08 school year, the average amount of assistance was $3,757.

Number of participants: In the 2007-08 school year, 282 students in grades K-12 received scholarships from three SGOs to attend 30 private schools.

Authorizing statute: State of Rhode Island General Law Chapter 44-62

Legislative history: The Rhode Island Business Entity Scholarship Tax Credit Program was signed into law on June 30, 2006. The program began on Jan. 1, 2007.

Judicial history: No legal suits have been filed regarding the program.

For more information, see: and

   19 | 20 | 21
Print this page Printable view Send this page Share this page
Last Modified: 04/30/2009