The stated goal of the Act is educational improvement. The Act allows taxpayers to claim tax credits for donations to charitable student scholarship organizations that provide tuition for current public school students who wish to attend private schools. The Act creates a system by which citizens and corporations can donate to charitable organizations which meet certain specific criteria as defined in the Act. Taxpayers and corporations are then allowed to claim a tax credit up to a specified limit. The Act allows tax credits to be claimed on a first-come, first-served basis up to the total tax credit limit.
