The Ohio Association of Independent Schools applied to the Internal Revenue Service in early 2022 for 501(c) (3) approval of The Ohio Association of Independent Schools Scholarship Granting Organization (OAIS SGO). OAIS helped form OAIS SGO after creating the scholarship-granting organization tax credit in House Bill 110 (2021).
Those who donate to OAIS SGO can receive a nonrefundable tax credit of up to $750 on their Ohio income tax returns. Each spouse in a married couple filing a joint return may claim the tax credit of up to $750 each so long as both spouses make separate contributions to a qualified organization or organization. Should a taxpayer donate more than the taxpayer's income tax liability, the credit will reduce the taxpayer's liability to zero (it will not create a refund).