Proposed Bill No. 5101, introduced by REP. CHEESEMAN of the 37th District, seeks to amend the general statutes to establish a tax credit for donations made to nonprofit entities that provide educational access and opportunity scholarships. The bill, referred to the Committee on FINANCE, REVENUE AND BONDING during the February Session of 2024, aims to incentivize contributions to organizations that facilitate educational opportunities through scholarships.

The purpose of the bill is clear: to encourage financial support for nonprofit entities that offer scholarships, thereby enhancing educational access and opportunities for individuals. The bill does not include specific details on the amount of the tax credit or the exact parameters for qualifying donations or nonprofit entities within this summary.