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Study

The Fiscal Impact of the Universal Tuition Tax Credit

By Patrick L. Anderson, Richard D. McLellan, Joseph P. Overton, and Dr. Gary L. Wolfram, published on Nov. 13, 1997

Contents

  • Effects on Revenue and Expenses
  • Utilization of the Credit
  • Fiscal Impact of the UTTC Plan
  • Tax Savings from the Tuition Tax Credit
  • Total Spending on Education
  • A Note on Refundable Versus Non-Refundable Credits
  • Notes on Data Sources
ISBN: 1-890624-03-9, SKU: S1997-04
Universal Tuition Tax Credit cover

The Universal Tuition Tax Credit: A Proposal to Advance Parental Choice in Education

  • Executive Summary
  • I. The Promise of Parental Choice in Education
  • II. Michigan Constitutional Restraints on Parental Choice
  • III. Expanding Parental Choice with a Universal Tuition Tax Credit
  • IV. Impact of the UTTC on State and Local Finances
  • Appendix I: A Model of School Finance
    • Private and Public Financing of Schools
    • A Model of State and Local Finance: Assumptions
    • Universal Tuition Tax Credit Dynamics
    • The Fiscal Impact of the Universal Tuition Tax Credit
      • Effects on Revenue and Expenses
      • Utilization of the Credit
      • Fiscal Impact of the UTTC Plan
      • Tax Savings from the Tuition Tax Credit
      • Total Spending on Education
      • A Note on Refundable Versus Non-Refundable Credits
      • Notes on Data Sources
  • Appendix II. Questions and Answers Regarding the Universal Tuition Tax Credit
  • Endnotes
  • ADDENDUM

More by Patrick L. Anderson

Time for Another State Tax Cut: It's the Law
Tax Cut Plan Avoids Mistakes of the Past

More by Richard D. McLellan

Adopting a “Lean Government” Model for Michigan
Keeping the Engler Revolution on Track

More by Joseph P. Overton

An Inside Look at the Government-School Mentality
Right-to-Work Laws Accelerate Economic Development, New Study Finds Michigan Losing Ground to Right-to-Work States

More by Dr. Gary L. Wolfram

Commentary: Michigan Stands Out on High Cost of Car Insurance
Reforming Michigan’s Auto Insurance Industry

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