The National Alliance for Public Charter Schools says the House of Representatives’ tax reform plan threatens the ability of charter schools to fund building projects through lower-cost lending programs.
H.R. 1 removes public charter schools from qualifying for three programs: New Market Tax Credits, Private Activity Bonds, and Qualified Zone Academy Bonds.
“This is devastating to charter schools, which often struggle to find space and lack the amenities of district schools,” said Nina Rees, National Alliance for Public Charter Schools president and CEO. “In some states, charter schools receive zero facilities dollars, and in all states, charter schools are dependent on finding alternative and cost-effective means of accessing capital for their buildings.”