Vermont H0770 proposes to opt out of the federal tax credit program for contributions to scholarship granting organizations.

Vermont H0770 seeks to preclude Vermont’s participation in the federal tax credit program for contributions to scholarship granting organizations. The bill designates the General Assembly as the sole entity to make the election on behalf of the state. Any contrary election made by another state official or entity is declared void. The decision to opt out is based on the findings that states may voluntarily participate or decline to participate in the federal program. The act will take effect on July 1, 2026.

Vermont H0770 proposes to opt out of the federal tax credit program for contributions to scholarship granting organizations.

Vermont H0770 seeks to preclude Vermont’s participation in the federal tax credit program for contributions to scholarship granting organizations. The bill designates the General Assembly as the sole entity to make the election on behalf of the state. Any contrary election made by another state official or entity is declared void. The decision to opt out is based on the findings that states may voluntarily participate or decline to participate in the federal program. The act will take effect on July 1, 2026.