NM HM28

Requests the Governor of New Mexico to submit an advance election to participate in the federal Education Freedom Tax Credit program, which allows taxpayers to claim up to $1,700 in tax credits for donations to nonprofit scholarship-granting organizations starting in 2027

States require formal opt-in by the governor for scholarship-granting organizations to receive donations under the program; no state legislation is needed to participate

Warns that delaying participation may cause charitable contributions to flow to other states that opt in more quickly

Cites polling showing 71% of registered voters nationally support their governors opting into the program, and 78% of parents with school-age children would likely apply for a scholarship if available

A copy of the memorial would be transmitted to the governor if adopted