Iowa Alliance for Choice in Education
Encyclopedia
The Iowa Alliance for Choice in Education (Iowa ACE) was formed in 2005 as an umbrella organization for Iowa’s non-public schools. Among its priority issues was ensuring the creation and support of student tuition organizations (STOs). Through legislation passed in 2005, money donated to STOs makes donors eligible for a tax credit of 65% of the amount of their gift. In 2009, the cap for this tax credit is $7.5 million.
Former Governor Tom Vilsack
signed the Educational Opportunities Act into law in 2006. This legislation allows individual Iowa taxpayers to receive a tax credit equal to 65% of the total amount of voluntary cash contributions donated to an STO. STOs allocate those funds as tuition grants to Iowa students to assist them in attending an accredited nonpublic school.
Former Governor Tom Vilsack
Tom Vilsack
Thomas James "Tom" Vilsack is an American politician, a member of the Democratic Party, and presently the U.S. Secretary of Agriculture. He served as the 40th Governor of the state of Iowa. He was first elected in 1998 and re-elected to a second four-year term in 2002...
signed the Educational Opportunities Act into law in 2006. This legislation allows individual Iowa taxpayers to receive a tax credit equal to 65% of the total amount of voluntary cash contributions donated to an STO. STOs allocate those funds as tuition grants to Iowa students to assist them in attending an accredited nonpublic school.