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AL HB342
Bill
Status
2/26/2026
Primary Sponsor
Susan DuBose
Click for details
AI Summary
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Alabama voluntarily elects to participate in the federal tax credit program under 26 U.S.C. § 25F for individuals who make qualified contributions to scholarship granting organizations
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Department of Revenue must annually submit to the U.S. Secretary of the Treasury and publish on its website a list of all qualifying scholarship granting organizations located in Alabama
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State participation applies to taxable years beginning after December 31, 2026
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Department of Revenue is authorized to establish rules for implementation and administration of the program
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Passed Alabama House on February 26, 2026 with a vote of 103-0 (1 abstention); takes effect immediately upon enactment
Legislative Description
Taxation; participation in the federal tax credit for individuals making qualified contributions to scholarship granting organizations provided for
Taxation & Revenue
Last Action
Read for the Second Time and placed on the Calendar
3/5/2026