Requires State to participate in federal tax credit scholarship program and directs Commissioner of Education to provide required information to U.S. Secretary of the Treasury.

Summary

The bill directs the state to elect participation in the federal tax‑credit program that rewards individuals for donating to scholarship‑granting organizations. It also requires the Commissioner of Education to send an annual list of qualifying scholarship organizations in New Jersey to the U.S. Secretary of the Treasury. This would allow New Jersey residents to claim a federal credit of up to $1,700 for eligible contributions.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

Topics

Share