The state of Florida has found an innovative way to help easethe burden on public schools in Florida by allowing companies todedicate 100 percent of certain tax liabilities—including thestate’s insurance premium tax—to a state-approved scholarship fundprogram.

The measure was introduced into law in Florida in 2001 and JohnF. Kirtley, chairman of Step Up for Students, has led the chargesince then.

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Step Up for Students had a booth on the exhibit hall this year,courtesy of IASA, to spread the word about the program.

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According to Debbie Woerner, director of development, 100percent of an insurer’s insurance premium tax can be directed toStep Up for Children. The money is then used to help students ingrades kindergarten through 12 attend private schools in thestate.

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Since 2002, over $700 million has been raised, according toWoerner. In 2010, 34,000 scholarships were awarded were $140million to Florida students and another 8,000 were on the waitinglist.

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The goal is to raise the amount of money to $175 million for2011, according to Woerner.

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These are need-based scholarships based on the federalschool-lunch program income guidelines, she added.

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Companies do not need to be domiciled in Florida to take part inthe program. Any insurance carrier that sells policies in the stateand incurs insurance premium tax can direct their tax liability tothe program, according to Woerner.

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For more information, go to www.stepupforstudents.org orcontact Woerner at [email protected]

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