"Opportunity Scholarship Act"; establishes pilot program in Department of Treasury providing tax credits to taxpayers contributing to scholarships for low-income children.

The Opportunity Scholarship Act establishes a five-year pilot program providing tax credits to New Jersey taxpayers who contribute to scholarship organizations. These organizations would distribute scholarships to low-income children (from households earning no more than 250% of the federal poverty threshold) attending chronically failing schools in eight targeted districts (Asbury Park, Camden, Elizabeth, Lakewood, Newark, Orange, Passaic, and Perth Amboy). The program would award up to 10,000 scholarships in its final year, with schools receiving scholarship students required to accept them without additional fees and provide annual assessments to track student progress.