VT H0770

Vermont opts out of participation in the federal tax credit program for contributions to scholarship granting organizations established under 26 U.S.C. § 25F

The General Assembly designates itself as the sole entity authorized to make elections regarding Vermont's participation in the federal scholarship tax credit program

Any election to participate made by the Governor or another state official or entity is declared void and without effect

The federal program (Section 25F of the Internal Revenue Code) subsidizes scholarships for expenses at public and private schools, with state participation being voluntary

Effective date: July 1, 2026