Minnesota HF4498 requires the Department of Revenue to designate scholarship granting organizations and publish a list of approved organizations.

Minnesota HF4498 mandates the Department of Revenue to identify and list scholarship granting organizations on its website. These organizations must comply with Internal Revenue Code section 25F. The commissioner must submit a list of approved organizations to the Secretary of the Treasury by January 1 each year. The commissioner can establish rules for the qualification process. The bill also allows scholarship granting organizations to submit a notice of intent to receive qualified donations.

Minnesota HF4498 requires the Department of Revenue to designate scholarship granting organizations and publish a list of approved organizations.

Minnesota HF4498 mandates the Department of Revenue to identify and list scholarship granting organizations on its website. These organizations must comply with Internal Revenue Code section 25F. The commissioner must submit a list of approved organizations to the Secretary of the Treasury by January 1 each year. The commissioner can establish rules for the qualification process. The bill also allows scholarship granting organizations to submit a notice of intent to receive qualified donations.