WATCH: Clock ticking for Washington to unlock $700M federal education tax credit

(The Center Square) – More than thirty states in the U.S. have now opted in or announced their intention to opt in for the Federal Scholarship Tax Credit program, but Washington remains on the sidelines.

The program enables eligible taxpayers to claim a federal tax credit for qualified contributions to scholarship organizations that provide scholarships for elementary and secondary education expenses.

Conservative estimates say the tax credit could generate more than $700 million annually for Washington students, but only if Washington opts in.

Governor Bob Ferguson has until the end of the year to do so. Otherwise, Washington taxpayers can still take the tax credit of up to $1,700, but then those contributions would be directed to other states that have opted into the program.

“It’s encouraging to see that 27 states have alrea...