Directs the New York commissioner of taxation and finance to help entities participate in the federal tax credit for elementary and secondary.
This bill directs the New York commissioner of taxation and finance to help entities participate in the federal tax credit for elementary and secondary scholarships. The federal tax credit is available to taxpayers who make qualified contributions to scholarship granting organizations within the state. The commissioner will submit a list of eligible organizations to the United States secretary of the treasury and publish it on the department's website. The bill aims to ensure that New York students can benefit from the scholarship funds.
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