Tennessee SB2195 amends state law to allow the Department of Education to participate in a federal tax credit for contributions to scholarship.
Tennessee SB2195 amends Tennessee Code Annotated, Title 49, to enable the Department of Education to participate in a federal tax credit for individuals who make qualified contributions to scholarship granting organizations. The bill requires the Department of Education to annually submit a list of scholarship granting organizations to the United States Secretary of the Treasury and publish this list on its website. The bill also mandates that the department accept submissions from scholarship granting organizations throughout the year for inclusion on the list.
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