HB2278 Summary

• Repeals section 43-1089.03 (enhanced school tuition organization tax credit) effective December 31, 2022, consolidating all contributions under the standard section 43-1089 credit.

• Increases tax credit limits under section 43-1089 to $1,493 for single filers and $2,983 for married couples filing jointly for taxable years beginning after December 31, 2022 (previously $500 and $1,000 through 2022).

• Modifies school tuition organization requirements by removing provisions allowing collusion between organizations and replacing language restrictions with new prohibitions on requiring students or families to provide goods or services in exchange for scholarships.

• Changes scholarship cap limitations under section 43-1504 from specific dollar amounts that increase by $200 annually to a simpler requirement that scholarships cannot exceed the school's tuition amount.

• Removes donor designation authority in section 43-1603 while allowing donors to recommend beneficiaries, and eliminates references to section 43-1089.03 throughout tuition organization certification and reporting provisions.