MI SB0710

Establishes the Student Opportunity Scholarship (SOS) program allowing nonprofit scholarship-granting organizations (SGOs) to receive tax-deductible contributions and allocate funds to eligible student education accounts.

Defines eligible students as Michigan residents aged 5+ in grades K-12 who meet at least one criterion: household income at or below 200% of federal free/reduced lunch threshold, disability status under IDEA, foster care status, or membership in household of existing SOS recipient.

Limits annual SOS account funding to $500 for regular students and $1,100 for students with disabilities attending public schools; up to 90% of target foundation allowance for other students, with amounts reduced based on household income above eligibility threshold.

Permits SOS funds to cover qualifying education expenses including tuition, tutoring, instructional materials, technology, therapies, career/technical education, postsecondary courses, and transportation for educational purposes.

Requires SGOs to undergo certification and annual renewal through the Department of Treasury, allocate at least 90% of contributions to student accounts within one year, maintain separate accounts for SOS and operating funds, and include multiple education service providers; bill takes effect only if SB 711 is enacted.