IA HF2308

Governor is required to elect participation in the federal tax credit program under Internal Revenue Code Section 25F for individuals contributing to scholarship granting organizations

Department of Revenue and Department of Education must follow all federal laws and regulations to administer the tax credit program

State participation eligibility begins for tax years starting on or after January 1, 2027

Departments must annually submit required information to the U.S. Secretary of the Treasury to maintain participation

Scholarship granting organizations may provide up to $1,700 per year to eligible elementary and secondary school students for qualified school expenses at nonpublic schools