HB 2154 Summary

• Increases the minimum allocation requirement for school tuition organizations (STOs) from 90% to 95% of annual revenues from contributions for educational scholarships or tuition grants.

• Applies the 95% allocation requirement to both income tax credits (sections 43-1183, 43-1184, 43-1089, 43-1089.03) and insurance premium tax credits (sections 20-224.06, 20-224.07).

• Requires STOs to include specific notice on websites and solicitation materials stating that scholarships cannot be awarded solely based on donor recommendations and that taxpayers cannot swap donations to benefit their own dependents.

• Prohibits STOs from awarding scholarships to students simultaneously enrolled in both district/charter schools and qualified schools.

• Updates technical language throughout the statute, including changing "e-mail" to "email" and "permitted" to "allowed" for consistency.