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Pete's Principle on Education Tax Credits - Create Excellent Education Opportunities for All Children.

Michigan needs a vibrant public, private, parochial, and home school K-12 education system that makes our children's needs top priority. The Michigan Education Tax Credit will empower parents and community members to restore our education system. We will accomplish our goals by creating support for public, private, parochial and home school education systems.

PUBLIC SCHOOLS		HOME SCHOOL		PRIVATE & PAROCHIAL
Parents of students attending public schools and public school supporters will be eligible for a tax credit on qualified expenses - including fees for participation in extracurricular activities		Parents that choose to home school their children and supporters of home schooling will be eligible for a tax credit on qualified expenses - including costs for materials.		Parents with students attending private or parochial schools and supporters of private and parochial schools will be eligible for tax credits on the cost of tuition.

THE MICHIGAN EDUCATION TAX CREDIT*

Creates tax credit eligibility for enrollment in and/or

charitable contributions to public, private, parochial

and home schools, as well as scholarship granting organizations.

Individuals with or without enrolled students,

as well as corporate citizens may receive a 50% tax credit

on costs or contributions of $1,000, $2,000 or $3,500**

SCHOLARSHIP GRANTING ORGANIZATIONS

Individuals and corporations will also be eligible to donate to Scholarship Granting Organizations in lieu of specific schools. Corporations will be eligible for a tax credit on a one-time per year charitable contribution.

*As governor I will provide the leadership necessary to reduce and simplify the tax code as well as reform and streamline government. By making the necessary reforms we will be able to implement the Michigan Education Tax Credit.

**We will ask the people of Michigan to provide their input on contribution amounts and percentage of tax credits for improving quality and choice in our education system. As demonstrated by the attached document there is tremendous potential for state education tax credits through public, private, parochial, and home school education. Michigan's Future Begins With Us!