Maryland HB455 requires the State Department of Education to approve and certify nonprofit organizations as scholarship granting organizations.

Maryland HB455 mandates the State Department of Education to approve and certify nonprofit organizations as scholarship granting organizations. These organizations must be organized under state laws, provide scholarships to eligible students, and apply for certification. The Department must annually submit a list of these organizations to the U.S. Department of the Treasury. Additionally, the Comptroller is required to provide online guidance to assist individual taxpayers in claiming the federal income tax credit for contributions to these organizations.

Maryland HB455 requires the State Department of Education to approve and certify nonprofit organizations as scholarship granting organizations.

Maryland HB455 mandates the State Department of Education to approve and certify nonprofit organizations as scholarship granting organizations. These organizations must be organized under state laws, provide scholarships to eligible students, and apply for certification. The Department must annually submit a list of these organizations to the U.S. Department of the Treasury. Additionally, the Comptroller is required to provide online guidance to assist individual taxpayers in claiming the federal income tax credit for contributions to these organizations.