Lamont hesitant to opt CT into federal scholarship tax credit

Lamont hesitant to opt CT into federal scholarship tax credit

“Literally free money.” That’s how Sen. Ryan Fazio, R-Greenwich, described the new “federal scholarship tax credit,” which Congress passed into law last year as part of the One Big Beautiful Bill Act, also known as HR 1. Under the program, individuals may donate up to $1,700 to a “scholarship granting organization” and receive the full amount back as a federal tax credit. These organizations then disburse the funds as scholarships to students to…