Iowa HF2755 mandates the governor to participate in a federal tax credit program for contributions to scholarship granting organizations.
Iowa HF2755 requires the governor to elect to participate in the federal tax credit program for individual contributions to scholarship granting organizations. The Department of Revenue and the Department of Education must follow federal laws and regulations to administer the tax credit, ensuring Iowa's eligibility starting from tax years beginning on or after January 1, 2027.
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